Egypt will receive only 180,000 tons of wheat from India

Wheat

Egypt

India

Published Jun 29, 2022

Tridge summary

Egypt has negotiated the purchase of 180,000 tonnes of wheat from India, well below the 500,000 tonnes agreed in May, Reuters reported, citing a statement from Egyptian Supply Minister Ali Moseli. However, India has subsequently imposed a ban on wheat exports, but has explicitly announced that it will make exceptions for countries experiencing food security difficulties. According to Moselli, India has only 180,000 tons in its ports, which was the condition for delivery to Egypt.

Original content

The Arab Republic is one of the world's largest importers of wheat and buys large quantities to implement its bread subsidy program for more than two-thirds of the population. In recent years, the bulk of imports have been made by countries in the Black Sea region, but with Russia's invasion of Ukraine, the flow has almost stopped. In addition, the war has increased Egypt's spending on wheat due to rising grain prices on international markets, as large quantities of it were blocked in Ukraine and could not reach its main consumers, and sanctions imposed on Russia by Western countries , made it extremely difficult for it to export, although they excluded agricultural production. As a result, Egypt has tried to diversify wheat suppliers, including by lowering import requirements, looking to India and Kazakhstan, but Moselli said they are also looking for ways to reach an agreement to supply Russian grain. To reduce the cost of imports and the bread subsidy program, Egypt is trying ...

Source: Sinor