Egypt looks to India for wheat to make up losses from Ukraine war
A potential deal between Egypt and India to import 500,000 tons of Indian wheat in exchange for Egyptian fertilizers is in the works amid ongoing global wheat shortages.
Egypt is currently in talks with India over a deal to import 500,000 tons of Indian wheat in exchange for Egyptian exports of fertilizers and other products, the country’s Minister of Supply and Internal Trade Ali al-Moselhi revealed to Bloomberg on June 3.
Moselhi said that he discussed the potential swap deal with the Indian ambassador to Egypt on the sidelines of the annual meetings of the Islamic Development Bank held in Sharm el-Sheikh in June. Bloomberg quoted Moselhi as saying that he met the Indian ambassador on June 1 “to discuss the potential swap agreement to secure 500,000 tons of wheat, through various shipments.”
