Egypt bans exports of flour, pasta, and legumes

Published 2022년 3월 13일

Tridge summary

The Egyptian government has imposed a ban on the export of several basic foodstuffs, including wheat, flour, pasta, beans, and lentils, in an effort to maintain domestic food availability amidst the Russian-Ukrainian conflict. As a leading importer of wheat, Egypt has sufficient stocks to last for the next four months. However, the global wheat market is experiencing a surge in prices due to the conflict, with significant price increases observed in Chicago and Paris. This situation underscores Egypt's reliance on imports, with 60% coming from Ukraine and Russia, to provide bread for its population of over 70 million.

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Original content

The Egyptian government has banned the export of basic foodstuffs, including wheat, flour, pasta, beans and lentils. This was reported by ZAWYA. "The Egyptian government has banned the export of basic foodstuffs, including wheat, flour, pasta, beans and lentils, as the country seeks to preserve food supplies amid the Russian-Ukrainian war," the statement said. It is noted that grain stocks in Egypt will be enough for the next 4 months. However, fears of soaring wheat prices around the world continue to grow as the conflict continues. Last week, wheat traded in Chicago jumped more than 50% to $ 13.40 a bushel. Meanwhile, European wheat in Paris broke another record - € 406 per tonne. Certificate. Egypt is the world's ...

Source: Landlord