Page 12 - Supply Commodities News Today

As Egypt’s strategic wheat reserves continue to decline, Russia and Ukraine exchanged accusations over obstructing the movement of a ship loaded with wheat and bound for Egyptian ports.

Egypt’s state grains buyer set a limited tender on Monday to buy an unspecified amount of wheat from only European import origins included in its tender book. The General Authority for Supply Commodities said that the deadline for offers is April 13 and that suppliers could submit bids on FOB or C&F basis, with payment ...

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

Imports from Russia up 24 percent year-on-year as Egypt still favours superior grain despite supply disruption

Egypt, often the world's top wheat buyer, saw a rise in imports of the grain from Russia in March despite supply and payment disruptions following its invasion of Ukraine that also drove traders to seek shipments from other suppliers.

Final talks are being held to send Indian wheat to Egypt, after Russia's invasion of Ukraine disrupted the global supply.

Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities

Governments should ensure that the conflict in Ukraine does not worsen the food crisis in the Middle East and North Africa and protect the right to affordable, adequate food for everyone.

Egypt is already feeling the impact of the war, which has led to recent cancellation of tenders due to lack of offers, in particular from Ukraine and Russia.

Russia’s war with Ukraine is creating worries of a potential global supply crunch in wheat, with countries in the Middle East especially standing to lose the most due to their dependence on the two nations for the staple.