Egypt suspends exports of flour, flour products, and legumes for three months

Published Mar 11, 2022

Tridge summary

Egypt has imposed a three-month ban on the export of flour and flour products, cereals, pasta, and legumes due to the ongoing Ukrainian-Russian crisis. The decision aims to prevent the shortage of these essential food items in the country, given the potential disruption in trade with Russia and Ukraine. The government urges citizens to conserve consumption and is wary of the far-reaching economic and financial impacts of the crisis. As a major importer of wheat, Egypt is significantly affected by the surge in global wheat prices following the Russian military operation in Ukraine.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Egypt announced on Thursday that it would suspend exports of flour and flour products, as well as legumes, for three months. This was announced by the Ministry of Industry and Trade of the Arab Republic. According to Minister Nevin Gamia, the ban, which comes into force on March 11, applies to cereals and pasta, as well as legumes, including peas and lentils. As the minister explained, Egypt has not yet suffered from the Ukrainian-Russian crisis due to the presence of strategic food reserves and the ability of the government to cope with the situation. "However, the trade exchange with Russia and Ukraine will depend on the ongoing changes caused by the military operation," she said. According to Prime Minister Mustafa Madbouli, the negative consequences of the Russian-Ukrainian crisis have already begun to affect the whole world, including Egypt, affecting the global economy and financial markets. He urged citizens to rationalize consumption and not store goods. Meanwhile, the ...

Source: Zol