[Dr. Aaron Lerner - IMRA - Here's the math:
"Egypt's strategic stocks of wheat have fallen to 2.207 million tons, enough
to last 89 days" (Egypt Independent Wed, 13/03/2013 - 20:44)

2,207 thousand tons/89 days = 24.8 thousand tons a day

The new supply of 60 thousand tons = 60/24.8 = 2.4 days

So while an announcement of 60 thousand tons may sound impressive, it is
only 2.4 days supply for hungry Egypt.]

US to export wheat to Egypt
Wed, 13/03/2013 - 15:16
MENA
http://www.egyptindependent.com/news/us-export-wheat-egypt

The United States Department of Agriculture has approved wheat exports to
Egypt under a credit guarantee program, according to Ashraf Ezz Eddin, head
of Egypt's commercial office in Washington.

The announcement marks the first time that Egypt has relied on the US
agricultural export program during the current fiscal year. The program GSM
102, issues credit guarantees to encouraging the export of US agricultural
products while providing competitive lines of credit for buyers.

The move comes as concerns rise among creditors over Egypt's ability to meet
its commodity needs through traditional methods, such as tenders and letters
of guarantee, Ezz Eddin explained, adding that the GSM102 guarantees that 98
percent of the deal's value will be paid off.

According to the USDA, the contract between the US and Egypt is for nearly
60,000 tons of wheat, worth US$17.7 billion.

Ezz Eddin added that the amount of wheat, scheduled to be shipped in April,
is very small compared to the amount that Egypt usually imports from the US.

Egypt is one of the world’s largest wheat importers. Most of the country’s
wheat is imported from the US, Russia and Australia, and the country has
been vulnerable to fluctuations in price due to drought, contamination and
other supply issues.

Edited translation from MENA