# EU wheat at one-week low as Egypt tender leaves export hangover - Economy - Business - Ahram Online

> Euronext wheat fell to a one-week low after Egypt's state buyer purchased 415,000 tonnes of Russian wheat in a snap tender. Traders said EU exports remain 25 percent below last season's pace, with France relying heavily on Algeria for sales.

- Date: 2019-01-11 · published 2019-01-11T12:00:00.000Z
- Category: trade · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/61171-eu-wheat-at-one-week-low-as-egypt-tender-leaves-export-hangover-economy
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Russian wheat winning Egyptian tenders at low prices pressures EU and US export competitiveness and keeps wheat prices under downward pressure.

## Read by commodity

- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-08-29 | [Russian wheat dominates Egypt GASC tender, lowest offer at $186.05/T - Economy - Business - Ahram Online](https://feedsoft.ai/events/69352-russian-wheat-dominates-egypt-gasc-tender-lowest-offer-at-186-05-t-economy.md) | +0.6% | -2.9% |
| WHEAT | 2021-06-19 | [EU wheat export outlook promising as harvest, Russia eyed - Markets - Business Recorder](https://feedsoft.ai/events/46641-eu-wheat-export-outlook-promising-as-harvest-russia-eyed-markets-business.md) | -8.4% | -11.3% |
| WHEAT | 2023-08-31 | [EU wheat declines - Markets - Business Recorder](https://feedsoft.ai/events/34620-eu-wheat-declines-markets-business-recorder.md) | +0.3% | +1.0% |
| 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 | 2022-01-26 | [India may export record 6.5 million tonnes of wheat this fiscal - The HinduBusinessLine](https://feedsoft.ai/events/43118-india-may-export-record-6-5-million-tonnes-of-wheat-this-fiscal-the.md) | -2.3% | -0.2% |

## Sources

- english.ahram.org.eg: https://english.ahram.org.eg/NewsContentP/3/321530/Business/EU-wheat-at-oneweek-low-as-Egypt-tender-leaves-exp.aspx

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