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Freight quotes from Russian ports to Egypt more than tripled in nine days, rising to $70 per tonne by August 20. Russian wheat fell $9 to $215 per tonne over the same period, so the delivered cost to Egypt rose about 16-17%.
Higher ocean freight and war-risk insurance raise the delivered price of Black Sea wheat even as the FOB price falls. This keeps Egyptian import costs high and supports wheat values in the delivered market.
thecairoreport.substack.comSaherAug 25, 2026After 283 past bullish logistics events, Wheat (SRW) moved a median -0.2% over 5 sessions (46% higher; middle half -1.4% to +1.3%), and -0.1% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
