{"id":546053,"date":"2022-04-26T04:06:17","date_gmt":"2022-04-26T04:06:17","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/our-first-shipment-of-indian-wheat-sets-sail-soon\/"},"modified":"2022-04-26T04:06:17","modified_gmt":"2022-04-26T04:06:17","slug":"our-first-shipment-of-indian-wheat-sets-sail-soon","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/our-first-shipment-of-indian-wheat-sets-sail-soon\/","title":{"rendered":"Our first shipment of Indian wheat sets sail soon"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a><strong> We\u2019re getting our first shipment of Indian wheat soon: <\/strong>Around 55k tonnes of Indian wheat will be loaded from India\u2019s Kandla Port for shipment to Egypt on Friday, <a href=\"https:\/\/www.argusmedia.com\/en\/news\/2325114-india-to-send-first-wheat-cargo-to-egypt\">Argus Media<\/a> reports, citing line-up data. No details were given on the price paid in the private-sector purchase, which comes less than two weeks after Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1614a7cb-444d-4140-bf18-f42c1d684158\">added India<\/a> to its list of wheat suppliers.<\/p>\n<p><strong>Indian wheat costs less than European grain \u2014 but it\u2019s more expensive to ship: <\/strong>While Indian wheat currently trades at around two-thirds the price of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/13de9150-4357-4b83-bb04-bb10a00ebd79\">latest shipments<\/a> Egypt\u2019s state grains buyer secured from France, Russia and Bulgaria, freight costs stand at around double those for Black Sea supplies, one trader told <a href=\"https:\/\/www.reuters.com\/world\/india\/cheap-indian-wheat-faces-quality-checks-high-freight-cost-egypt-export-2022-04-20\/\">Reuters<\/a>. The General Authority for Supply Commodities (GASC) purchased Russian wheat at USD 460 per ton including freight, USD 20 lower than Bulgaria\u2019s offer and USD 34.25 down from the price of French wheat, according to <a href=\"https:\/\/www.argusmedia.com\/en\/news\/2323443-russian-wheat-exports-in-april-triple-on-the-year\">Argus Media<\/a>.<\/p>\n<p><strong>BACKGROUND- The Madbouly government has been working on diversifying wheat imports<\/strong> amid a squeeze on prices in recent months and has stepped up its efforts since Russia\u2019s war in Ukraine sent prices soaring yet higher and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7805315f-5bf8-4c9f-8f4f-0e18cb894c8a\">cut off Ukrainian shipments<\/a>. We usually source north of 80% of our imported grain from the two Black Sea countries. India is making moves to fill the gap in global wheat supply, with its grain exports estimated to have hit a record 8.5 mn tonnes in the marketing year that ended in March, according to the <a href=\"https:\/\/www.fas.usda.gov\/data\/india-grain-and-feed-annual-6\">USDA Foreign Agricultural Service<\/a>.<\/p>\n<p><strong>RUSSIAN WHEAT BUCKS THE WAR-<\/strong><\/p>\n<p><strong>Ru<\/strong><strong>ssian wheat exports are set to almost quadruple in April despite disruption caused by <\/strong><strong>its war in Ukraine<\/strong>, according to <a href=\"https:\/\/www.argusmedia.com\/en\/news\/2323443-russian-wheat-exports-in-april-triple-on-the-year\">Argus Media<\/a>, citing line-up and global trade data. The country is on track to export nearly 3.2 mn tonnes of wheat, nearly four times last April\u2019s exports of 801k tonnes.<\/p>\n<p><strong>This is the second consecutive month during which Russia saw year-on-year rises in exports: <\/strong>Russia boosted wheat <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/88f99c3e-0a2f-4d36-aee5-8a9641e100b9\">exports by 60% in March<\/a>, exporting some 1.7 mn tonnes 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","protected":false},"excerpt":{"rendered":"<p>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 two weeks after Egypt added [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":546054,"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":[317,72,564,1404,270,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-546053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-commodities","tag-enterpriseam","tag-food","tag-india","tag-russia","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"9170b6fd-ef19-467c-9118-375093fcd876","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/4\/357.jpg","photo_position":"above","related_issue":[546039],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Our first shipment of Indian wheat sets sail soon - 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\/26\/our-first-shipment-of-indian-wheat-sets-sail-soon\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Our first shipment of Indian wheat sets sail soon\" \/>\n<meta property=\"og:description\" content=\"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 two weeks after Egypt added [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/our-first-shipment-of-indian-wheat-sets-sail-soon\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-26T04:06:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/357.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/our-first-shipment-of-indian-wheat-sets-sail-soon\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/our-first-shipment-of-indian-wheat-sets-sail-soon\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Our first shipment of Indian wheat sets sail soon\",\"datePublished\":\"2022-04-26T04:06:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/our-first-shipment-of-indian-wheat-sets-sail-soon\/\"},\"wordCount\":368,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/our-first-shipment-of-indian-wheat-sets-sail-soon\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/4\/357.jpg?fit=%2C&ssl=1\",\"keywords\":[\"commodities\",\"EnterpriseAM\",\"food\",\"India\",\"Russia\",\"wheat\"],\"articleSection\":[\"Commodities\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/our-first-shipment-of-indian-wheat-sets-sail-soon\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/04\/26\/our-first-shipment-of-indian-wheat-sets-sail-soon\/\",\"name\":\"Our first shipment of Indian wheat sets sail soon - 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The minister discussed the potential arrangement with the Indian ambassador to Egypt last week, he told the business\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/6\/132.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546418,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/16\/egypt-to-receive-500k-tons-of-indian-wheat-despite-export-ban\/","url_meta":{"origin":546053,"position":1},"title":"Egypt to receive 500k tons of Indian wheat despite export ban","author":"enterpriseam admin","date":"16 May 2022","format":false,"excerpt":"FROM THE DEPT. OF GOOD NEWS- We\u2019ve locked in 500k tons of Indian wheat ahead of New Delhi's export ban: Egypt has agreed to buy 500k tons of wheat from India, Supply Minister Ali El Moselhy told Reuters yesterday, adding that an export ban introduced by New Delhi last week\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/189.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":546053,"position":2},"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 &quot;Commodities&quot;","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":546489,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/18\/india-to-ease-wheat-export-restrictions-slightly\/","url_meta":{"origin":546053,"position":3},"title":"India to ease wheat export restrictions (slightly)","author":"enterpriseam admin","date":"18 May 2022","format":false,"excerpt":"India softens wheat ban after sparking panic among traders: India will allow the export of wheat shipments that are waiting for customs clearance, easing restrictions announced last week that threaten to aggravate global food shortages, the government said in a statement yesterday. All shipments registered with customs before 14 May\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/231.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546454,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/17\/the-local-wheat-harvest-isnt-costing-as-much-as-we-expected\/","url_meta":{"origin":546053,"position":4},"title":"The local wheat harvest isn\u2019t costing as much as we expected","author":"enterpriseam admin","date":"17 May 2022","format":false,"excerpt":"We\u2019re spending less on local wheat than previously thought: The government has so far paid EGP 8.5 bn for some 1.85 mn tons of local wheat since the start of the harvest season at the beginning of April, state news agency MENA quoted Egyptian Holding Company for Silos and Storage\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/214.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":546380,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/15\/india-bans-wheat-exports-to-all-except-vulnerable-countries\/","url_meta":{"origin":546053,"position":5},"title":"India bans wheat exports to all except \u201cvulnerable countries\u201d","author":"enterpriseam admin","date":"15 May 2022","format":false,"excerpt":"India has joined the growing wave of food protectionism and banned wheat exports amid surging local prices and a severe heatwave that is threatening to hit production. The government announced (pdf) on Friday that it is prohibiting the export of wheat to \u201cmanage the overall food security of the country\u201d\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/5\/176.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\/546053","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=546053"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/546053\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/546039"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/546054"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=546053"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=546053"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=546053"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=546053"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=546053"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}