# Drought forces Egypt to pay most for wheat since 2015 | FMT

> Egypt's state buyer GASC paid $235.65 per tonne for 420,000 tonnes of wheat for September delivery, the highest price since May 2015. Drought across the Black Sea and Europe is cutting Russian output for the first time in six years. Paris December wheat hit a contract record while Chicago futures were up about 20% this year.

- Date: 2018-07-25 · published 2018-07-25T12:00:00.000Z
- Category: weather · region Black Sea · magnitude high
- Page: https://feedsoft.ai/events/64072-drought-forces-egypt-to-pay-most-for-wheat-since-2015-fmt
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

Record European wheat prices and a Russian output decline tighten export supplies, raising the cost of wheat-based feed ingredients.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-06-29 | [Spring Wheat Surges the Most Since 2010 - Bloomberg](https://feedsoft.ai/events/6177-spring-wheat-surges-the-most-since-2010-bloomberg.md) | +2.3% | -2.9% |
| WHEAT | 2026-04-28 | [Wheat Futures Surge to Highest Since 2024 on US Drought, Fertilizer Costs - Bloomberg](https://feedsoft.ai/events/19765-wheat-futures-surge-to-highest-since-2024-on-us-drought-fertilizer-costs.md) | -2.0% | +0.6% |
| WHEAT | 2018-03-13 | [Drought threat intensifies for U.S. Plains winter wheat crop](https://feedsoft.ai/events/66052-drought-threat-intensifies-for-u-s-plains-winter-wheat-crop.md) | -1.6% | +0.5% |
| WHEAT | 2026-05-05 | [Drought, frost provide lift for U.S. hard red wheat price \| The Western Producer](https://feedsoft.ai/events/19313-drought-frost-provide-lift-for-u-s-hard-red-wheat-price-the-western-producer.md) | +1.8% | -0.2% |
| WHEAT | 2017-12-16 | [Drought leaves U.S. Plains wheat vulnerable to freeze damage](https://feedsoft.ai/events/10328-drought-leaves-u-s-plains-wheat-vulnerable-to-freeze-damage.md) | +0.3% | +0.8% |
| KWHEAT | 2026-04-28 | [Wheat Futures Surge to Highest Since 2024 on US Drought, Fertilizer Costs - Bloomberg](https://feedsoft.ai/events/19765-wheat-futures-surge-to-highest-since-2024-on-us-drought-fertilizer-costs.md) | +2.3% | +1.3% |
| KWHEAT | 2018-03-13 | [Drought threat intensifies for U.S. Plains winter wheat crop](https://feedsoft.ai/events/66052-drought-threat-intensifies-for-u-s-plains-winter-wheat-crop.md) | -7.6% | +2.5% |
| KWHEAT | 2026-05-05 | [Drought, frost provide lift for U.S. hard red wheat price \| The Western Producer](https://feedsoft.ai/events/19313-drought-frost-provide-lift-for-u-s-hard-red-wheat-price-the-western-producer.md) | -1.3% | -7.0% |

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2018/07/25/drought-forces-egypt-to-pay-most-for-wheat-since-2015

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