{"id":545517,"date":"2022-04-03T04:03:10","date_gmt":"2022-04-03T04:03:10","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/russia-upped-wheat-imports-in-march-while-ukrainian-shipments-remain-blocked\/"},"modified":"2022-04-03T04:03:10","modified_gmt":"2022-04-03T04:03:10","slug":"russia-upped-wheat-imports-in-march-while-ukrainian-shipments-remain-blocked","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/russia-upped-wheat-imports-in-march-while-ukrainian-shipments-remain-blocked\/","title":{"rendered":"Russia upped wheat imports in March, while Ukrainian shipments remain blocked"},"content":{"rendered":"

<\/a> Russia boosted wheat exports by 60% in March despite disruption caused by its <\/strong>war in Ukraine, <\/strong>Bloomberg<\/a> writes, citing consultant ProZerno. The country exported some 1.7 mn tons of wheat in March, with shipments running at a \u201crapid\u201d rate in the second half of the month after an initial slowdown in February, as most challenges with payments and shipping vessels were resolved.<\/p>\n

We\u2019re apparently still receiving shipments from Russia: <\/strong>Russia\u2019s agricultural exports \u2014 which also include corn, barley and sunflower oil \u2014 rose 15% y-o-y to hit 2.5 mn tons in March, with Egypt among the top buyers, according to figures from Swiss data firm Agflow cited by Bloomberg. The business news information service did not clarify the type or amount of commodities we\u2019ve been receiving from the country.<\/p>\n

It\u2019s another story for Ukrainian exports, <\/strong>which remain \u201ctepid\u201d as Russia continues to block access to the country\u2019s ports. The loss of Ukrainian commodities including grain and sunflower oil means global food markets are continuing to feel the strain, Bloomberg reports, even as Russia ships supplies to some of the customers who usually buy from Ukraine..<\/p>\n

Mideast at \u201cbreaking point\u201d over soaring prices -UN:<\/strong> Ramadan-observing Middle Eastern nations are \u201cstruggling to access enough food because of a toxic combination of conflict, climate change and the economic aftermath of Covid-19,\u201d the United Nations World Food Programme\u2019s MENA director Corinne Fleischer said<\/a> on Thursday. \u201cPeople\u2019s resilience is at a breaking point. This crisis is creating shock waves in the food markets that touch every home in this region.\u201d<\/p>\n

Some good news for our food security woes: Our domestic wheat harvest season began on Friday<\/strong>, the Supply Ministry confirmed in a statement<\/a>. With global wheat markets in disarray, the Madbouly government has shifted its wheat procurement focus to local sources, and hopes receive between 5 mn and 6 mn tonnes<\/a> this season \u2014 markedly higher than the 3.5 mn tonnes procured from domestic farmers last year.<\/p>\n

Scrap metal export ban<\/p>\n

The <\/strong>Trade Ministry has <\/strong>banned the export<\/strong> of salvaged and scrap metals for six <\/strong>months<\/strong> in a bid to help manufacturers struggling with price hikes and shortages of raw materials, it announced in a statement<\/a> yesterday. Scrap copper, lead, aluminum, and zinc are subject to the export ban, which came after the Federation of Egyptian Industries called on the government to protect factories from rising input costs and mitigate supply chain disruptions. The move comes a few weeks after the ministry slapped a three-month export ban<\/a> on staple food commodities to shore up supplies amid turmoil in the global food market caused by the Ukraine conflict.<\/p>\n

The inflationary wave set off by the war has heavily impacted steel and other building materials<\/strong>. Steel prices have jumped to around EGP 21k from EGP 15.5k over the course of two weeks due to a significant rise in imported scrap metal prices, which accounts for around 60% of the cost of steel, head of the FEI\u2019s metal industries division Mohamed Hanafy told us<\/a> last month. In Europe, steel prices soared 51% in the first three weeks of Russia\u2019s invasion, according to Bloomberg<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Russia boosted wheat exports by 60% in March despite disruption caused by its war in Ukraine, Bloomberg writes, citing consultant ProZerno. The country exported some 1.7 mn tons of wheat in March, with shipments running at a \u201crapid\u201d rate in the second half of the month after an initial slowdown in February, as most challenges […]<\/p>\n","protected":false},"author":1,"featured_media":545518,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7305],"tags":[317,72,182,270,1095,132,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-545517","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-commodities","tag-enterpriseam","tag-inflation","tag-russia","tag-russia-ukraine-war","tag-trade","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"88f99c3e-0a2f-4d36-aee5-8a9641e100b9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/83.jpg","photo_position":"above","related_issue":[545509],"teaser":"","voice_url":""},"yoast_head":"\nRussia upped wheat imports in March, while Ukrainian shipments remain blocked - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/03\/russia-upped-wheat-imports-in-march-while-ukrainian-shipments-remain-blocked\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Russia upped wheat imports in March, while Ukrainian shipments remain blocked\" \/>\n<meta property=\"og:description\" content=\"Russia boosted wheat exports by 60% in March despite disruption caused by its war in Ukraine, Bloomberg writes, citing consultant ProZerno. 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year, buying some 479k tons of Russian wheat last month despite the ongoing war in Ukraine and its impact on the global grain market, Reuters reports, citing freight data.That means nearly 30% of Russian\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/137.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607150,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/27\/big-russia-wheat-buy\/","url_meta":{"origin":545517,"position":1},"title":"Big Russia wheat buy?","author":"enterpriseam admin","date":"27 September 2023","format":false,"excerpt":"Moscow blocked a 480k-ton wheat shipment earlier this month","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/113.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":607896,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/11\/more-russian-wheat-incoming\/","url_meta":{"origin":545517,"position":2},"title":"More Russian wheat incoming","author":"enterpriseam admin","date":"11 October 2023","format":false,"excerpt":"GASC purchased 480k tons of Russian wheat","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/10\/550.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":547347,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/19\/our-russian-wheat-imports-jumped-84-march-may-weve-started-receiving-funding-from-the-itfc\/","url_meta":{"origin":545517,"position":3},"title":"Our Russian wheat imports jumped 84% March-May + We\u2019ve started receiving funding from the ITFC","author":"enterpriseam admin","date":"19 June 2022","format":false,"excerpt":"Egypt\u2019s imports of Russian wheat climbed 84% y-o-y in the three months from March to May despite disruption caused by the war in Ukraine, Reuters reports. Freight data shows that Egypt imported almost 1.1 mn tons during the three-month period, up from 573k during the same period in 2021.Wheat imports\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/wheat-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546573,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/22\/poland-offers-to-transport-our-ukrainian-wheat-shipments-via-rail\/","url_meta":{"origin":545517,"position":4},"title":"Poland offers to transport our Ukrainian wheat shipments via rail","author":"enterpriseam admin","date":"22 May 2022","format":false,"excerpt":"Ukraine has offered to send Egypt wheat cargoes through Poland via rail, state news agency MENA quoted Supply Minister Ali El Moselhy as saying on Thursday. Some 300k tons of wheat booked for February and March delivery for Egypt are currently stranded in Ukrainian ports due to Russia\u2019s blockade of\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/275.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546053,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/our-first-shipment-of-indian-wheat-sets-sail-soon\/","url_meta":{"origin":545517,"position":5},"title":"Our first shipment of Indian wheat sets sail soon","author":"enterpriseam admin","date":"26 April 2022","format":false,"excerpt":"We\u2019re getting our first shipment of Indian wheat soon: Around 55k tonnes of Indian wheat will be loaded from India\u2019s Kandla Port for shipment to Egypt on Friday, Argus Media reports, citing line-up data. No details were given on the price paid in the private-sector purchase, which comes less than\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/357.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545517","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=545517"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/545517\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/545509"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/545518"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=545517"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=545517"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=545517"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=545517"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=545517"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}