Page 13 - Supply Commodities News Today

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

Cairo remains torn in its position on the Ukraine crisis for compelling financial and other reasons.

Egypt is scrambling to find alternate sources of wheat after the Russian invasion of Ukraine has put supply to the country in jeopardy.

With the outbreak of the Russia-Ukraine war on Feb. 24, 2022, Egypt's food security crisis now poses an existential threat to its economy. The fragile state of Egypt's food security stems from the agricultural sector's inability to produce enough cereal grains, especially wheat, and oilseeds to meet even half of the country's domestic demand.

Egypt is scrambling to find alternate sources of wheat after the Russian invasion of Ukraine has put supply to the country in jeopardy. This is especially urgent because the price of bread in Egypt ha

With the outbreak of the Russia-Ukraine war on Feb. 24, 2022, Egypt's food security crisis now poses an existential threat to its economy. The fragile state of Egypt's food security stems from the agricultural sector's inability to produce enough cereal grains, especially wheat, and oilseeds to meet even half of the country's domestic demand.

Russia's invasion of Ukraine has left Egypt's wheat import prospects in turmoil, with two cargoes purchased by Egypt's state buyer stuck at Ukrainian ports, other deliveries at risk, and prices soaring, traders say.

By Tom Polansek

By Tom Polansek

The General Authority for Supply Commodities (GASC) revealed that the Egyptian ship Wadi Al-Arab, which was carrying 60,000 tons of Ukrainian wheat