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Global food uncertainty as Russia pulls out of Black Sea grain pact
The agreement allows Ukraine, one of the world’s largest wheat producers, to continue exporting via the Black Sea
New week, new month, new fiscal year
Happy Fourth of July to our American friends
Another USD 700 mn in wheat finance from the ITFC
The country has nearly 6 months’ worth of wheat in reserve
GASC defers wheat payments amid FX crunch: supply minister, traders
As many as 11 wheat cargoes are awaiting payment, according to traders
EU + AFD to disburse new funds for Egypt grain silos. PLUS: New Xylem water pump factory
The EUR 60 mn disbursal is part of a EUR 100 mn package announced last year
Gov’t to boost social safety spending in next budget
FinMin also promises more for export subsidies + support for manufacturers
Elsewedy Electric, Qatar’s UCC sign to build Libyan power plant
The contract is worth at least EUR 800 mn
Gov’t buys more Russian wheat in latest int’l tender
The state grain buyer reportedly purchased 600k tons of grain
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