Cyprus has sufficient stocks of grain

Published 2023년 8월 1일

Tridge summary

According to Konstantis Spanasis, a representative of the Ministry of Agriculture in Cyprus, the country has sufficient stocks of grain and is not currently experiencing a shortage. While Cyprus imports the majority of its barley needs, it can cover around 30% of its grain consumption through local production. Spanasis does not expect major disruptions in grain supplies, although there may be a slight increase in prices.
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Original content

Cyprus is currently not experiencing a shortage of grain and has sufficient stocks. This was stated by the representative of the Ministry of Agriculture, Natural Resources and Environmental Protection Konstantis Spanasis, commenting on the situation on the world market after Russia's withdrawal from the grain deal. According to him, Cyprus imports more than 85% of its barley needs, and imports all corn, soybeans and other crops. “With regard to grain intended for consumption by the population, the situation is slightly better, since up to about 30% can be covered by local production, especially durum wheat, from which semolina is made,” he was quoted as saying by the Cyprus News Agency. Spanashis suggested that there would be no sharp increase in grain prices, since alternative routes for its export to Europe have recently opened up. Asked if the Cypriot market would be affected by Russia's withdrawal from the grain deal, Spanašis said: "We won't have major disruptions [with ...
Source: Kvedomosti

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