Egypt looks further afield for wheat
Egypt recently bought 240,000 tons of wheat from Russia directly, as the government continues to work on plans to avert a food crisis and preserve local supplies.
CAIRO — Egypt’s Ministry of Supply announced Aug. 23 that the state grain buyer known as the General Authority for Supply Commodities signed a contract to purchase 240,000 tons of Russian wheat.
The Russian wheat cargos are scheduled to arrive between Sept. 20 and Nov. 10 to increase the country’s strategic stocks of imported wheat.
While Egypt has not officially announced the purchase price, Reuters on Aug. 23 quoted traders who believed it was $368 per ton.
In an Aug. 9 press statement, Egypt’s Minister of Supply and Internal Trade Ali al-Moselhi revealed that the country has imported about 1.8 million tons of wheat since the outbreak of the Ukrainian war in February.
