We could be getting 1 mn tons of Russian wheat: Egypt is reportedly in talks with the Russian government to purchase 1 mn tons of wheat for delivery this season, Bloomberg reports, citing sources its says have knowledge of the matter.

Russia has been our biggest supplier this year: Egypt has imported close to 2 mn tons of Russian wheat so far in 2023, according to our math.

Moscow blocked a big order this month: Egypt has had to source 480k tons of wheat from Bulgaria and France after Russia blocked an order because the price was below the unofficial price floor it is currently enforcing, Bloomberg reported earlier this month. Egypt has been in talks with Abu Dhabi Commercial Bank (ADCB) to finance wheat purchases from Kazakhstan, and is also importing grain from Ukraine and Romania.

Tags: