# Poppy seed 'premium', rising freight costs add to Egypt wheat costs - CTRM Center

> Egypt's GASC tender showed a marked wheat price increase as merchants worried about cargoes being rejected at port over poppy seed rules. Freight costs also rose, adding to the overall cost of wheat delivered to Egypt.

- Date: 2017-09-19 · published 2017-09-19T12:00:00.000Z
- Category: trade · region Egypt · magnitude low
- Page: https://feedsoft.ai/events/68846-poppy-seed-premium-rising-freight-costs-add-to-egypt-wheat-costs-ctrm-center
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher delivered prices and port-quality risk support wheat values and freight rates, though the effect is largely confined to Egyptian import costs.

## Read by commodity

- WHEAT: bullish ▲
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-09-25 | [Russia: wheat export prices are rising due to good](https://feedsoft.ai/events/69002-russia-wheat-export-prices-are-rising-due-to-good.md) | -7.1% | +2.9% |
| WHEAT | 2018-06-12 | [Egypt's GASC amends wheat purchase terms to ease costs for suppliers - Economy - Business - Ahram Online](https://feedsoft.ai/events/64436-egypt-s-gasc-amends-wheat-purchase-terms-to-ease-costs-for-suppliers-economy.md) | -0.9% | -6.9% |
| WHEAT | 2021-08-23 | [French flour to bear extra costs from poor wheat quality -millers \| Reuters](https://feedsoft.ai/events/45508-french-flour-to-bear-extra-costs-from-poor-wheat-quality-millers-reuters.md) | +1.1% | +5.4% |
| WHEAT | 2021-02-04 | [Grain Exports to China Continue Rising \| Feed & Grain](https://feedsoft.ai/events/48471-grain-exports-to-china-continue-rising-feed-and-grain.md) | -0.2% | +11.9% |
| WHEAT | 2022-06-30 | [EU wheat firm supported by Egypt tender, weaker euro - Markets - Business Recorder](https://feedsoft.ai/events/40979-eu-wheat-firm-supported-by-egypt-tender-weaker-euro-markets-business-recorder.md) | -8.7% | -16.4% |

## Sources

- ctrmcenter.com: https://www.ctrmcenter.com/ctrm-community/poppy-seed-premium-rising-freight-costs-add-to-egypt-wheat-costs/

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