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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