Prices of Russian wheat are continuing a three-week rally following increased demand from Egypt, analysts told Reuters’ Arabic service. Egypt bought 410k tonnes of Russian wheat on 26 January. Prices of Russian wheat prices have gone up by USD 1-2.5 per tonne since last week, according to two Russian consulting firms asked by the newswire.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
Why EGX stocks are going under the IPO wave
Fund managers are releasing liquidity for ongoing and future IPOs,…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…