# Wheat prices dropping internationally spark interest of Egyptian buyers

> Wheat prices fell sharply on bigger-than-expected harvests in Russia and neighbouring countries. Egypt's state buyer contracted 355,000 t of wheat from Russia and Ukraine for September delivery, and Tunisia, the Philippines, Thailand and Iraq are reported to be interested in tenders.

- Date: 2017-08-17 · published 2017-08-17T12:00:00.000Z
- Category: trade · region Egypt · magnitude medium
- Page: https://feedsoft.ai/events/11619-wheat-prices-dropping-internationally-spark-interest-of-egyptian-buyers
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Cheaper Black Sea wheat and a wave of import tenders from major buyers add demand to a well-supplied market. This is likely to support export volumes from Russia and Ukraine and keep global wheat prices subdued.

## Read by commodity

- WHEAT: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WHEAT | 2017-08-21 | 1 | -3.4% | -3.1 | Bigger-than-expected Russian and regional harvests pushed international prices lower and let Egypt buy cheap Black Sea wheat, which undercuts US export competitiveness and adds bearish supply pressure. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2022-11-09 | [Wheat prices continue to fall amid USDA report and cancellation of tender in Egypt](https://feedsoft.ai/events/38715-wheat-prices-continue-to-fall-amid-usda-report-and-cancellation-of-tender-in.md) | +1.1% | -9.0% |
| WHEAT | 2019-02-21 | [Tender in Egypt has further reduced the price of wheat](https://feedsoft.ai/events/6778-tender-in-egypt-has-further-reduced-the-price-of-wheat.md) | -3.2% | +0.7% |
| WHEAT | 2023-09-25 | [Explainer: Why are Russian export prices roiling the wheat market? \| Reuters](https://feedsoft.ai/events/34139-explainer-why-are-russian-export-prices-roiling-the-wheat-market-reuters.md) | -2.7% | -1.3% |
| WHEAT | 2025-11-07 | [Wheat: Bears dominate: US wheat prices fall despite](https://feedsoft.ai/events/8218-wheat-bears-dominate-us-wheat-prices-fall-despite.md) | -3.4% | -1.0% |
| WHEAT | 2022-12-02 | [Wheat wilts in the face of harvest selling pressure \| Stock Journal \| SA](https://feedsoft.ai/events/6646-wheat-wilts-in-the-face-of-harvest-selling-pressure-stock-journal-sa.md) | -9.7% | -1.7% |

## Sources

- enterpriseam.com: https://enterpriseam.com/egypt/2017/08/17/wheat-prices-dropping-internationally-spark-interest-of-egyptian-buyers/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.