{"id":548415,"date":"2022-08-08T03:45:35","date_gmt":"2022-08-08T03:45:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/egypt-to-renegotiate-canceled-ukraine-wheat-contracts\/"},"modified":"2022-08-08T03:45:35","modified_gmt":"2022-08-08T03:45:35","slug":"egypt-to-renegotiate-canceled-ukraine-wheat-contracts","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/08\/egypt-to-renegotiate-canceled-ukraine-wheat-contracts\/","title":{"rendered":"Egypt to renegotiate canceled Ukraine wheat contracts"},"content":{"rendered":"

Egypt will sign new agreements with suppliers of Ukrainian wheat<\/strong> to replace contracts it canceled last month, Ukrainian media<\/a> reported yesterday. State grains buyer GASC terminated contracts<\/a> for 240k tons of stranded Ukrainian wheat after they remained stuck in the country for months due to Russia\u2019s blockade of the country\u2019s ports.<\/p>\n

Out with the old, in with the new: <\/strong>\u201cThe contract was concluded, but the Ukrainian side could not fulfill it in a timely manner due to the blockade of the ports,\u201d Mykhailo Nepran, the first vice president of the Ukrainian Chamber of Commerce and Industry, was quoted as telling a local TV channel. \u201cIt turned out that the agreement did not include a force majeure clause. Therefore, a completely civilized decision was made at the legislative level: to close the contract that cannot be fulfilled and open a new one, according to which the purchase will be made.\u201d<\/p>\n

The grain pact is making this possible:<\/strong> A Turkey- and UN-brokered agreement<\/a> signed between Russia and Ukraine to resume grain exports through the Black Sea is starting to gain momentum, with another four ships departing the country<\/a> yesterday. Kyiv hopes to have three to five vessels leaving the country every day<\/a> within the next two weeks.<\/p>\n

Egypt is a willing buyer:<\/strong> Egypt has reassured Ukraine\u2019s ambassador to Egypt, Mykola Nahorny, that it understands Ukraine\u2019s difficult situation and is ready to work together to arrange for future purchases, Nepran said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Egypt will sign new agreements with suppliers of Ukrainian wheat to replace contracts it canceled last month, Ukrainian media reported yesterday. State grains buyer GASC terminated contracts for 240k tons of stranded Ukrainian wheat after they remained stuck in the country for months due to Russia\u2019s blockade of the country\u2019s ports. Out with the old, […]<\/p>\n","protected":false},"author":1,"featured_media":548416,"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":[317,72,550,304,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-548415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-commodities","tag-enterpriseam","tag-gasc","tag-ukraine","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"af9ddeb6-6eea-4a42-879d-4646da0befd9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/8\/187.jpg","photo_position":"above","related_issue":[548406],"teaser":"","voice_url":""},"yoast_head":"\nEgypt to renegotiate canceled Ukraine wheat contracts - 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\/08\/08\/egypt-to-renegotiate-canceled-ukraine-wheat-contracts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt to renegotiate canceled Ukraine wheat contracts\" \/>\n<meta property=\"og:description\" content=\"Egypt will sign new agreements with suppliers of Ukrainian wheat to replace contracts it canceled last month, Ukrainian media reported yesterday. State grains buyer GASC terminated contracts for 240k tons of stranded Ukrainian wheat after they remained stuck in the country for months due to Russia\u2019s blockade of the country\u2019s ports. 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The lowest offer GASC received for the first\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548183,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/28\/egypt-pulls-plug-on-contracts-for-stranded-ukrainian-wheat\/","url_meta":{"origin":548415,"position":1},"title":"Egypt pulls plug on contracts for stranded Ukrainian wheat","author":"enterpriseam admin","date":"28 July 2022","format":false,"excerpt":"GASC cancels contracts for stranded Ukrainian wheat: The General Authority for Supply Commodities (GASC) has pulled the plug on contracts for 240k tons of stranded Ukrainian wheat booked earlier this year, sources told Reuters. The four cargoes were booked for February and March delivery but never set sail due to\u2026","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":548630,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/16\/ukrainian-wheat-booked-by-egypt-last-year-is-being-held-by-ukrainian-officials\/","url_meta":{"origin":548415,"position":2},"title":"Ukrainian wheat booked by Egypt last year is being held by Ukrainian officials","author":"enterpriseam admin","date":"16 August 2022","format":false,"excerpt":"Ukrainian officials are trying to arrange the release of a 60k-ton shipment of wheat destined for Egypt after the ship carrying it was detained last month for investigation into its ownership, Ukraine's special envoy to the Middle East told reporters yesterday, Reuters reports. \u201cWe are working in coordination with all\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\/8\/264.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":628908,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/16\/gasc-purchases-60k-tonnes-of-ukrainian-wheat\/","url_meta":{"origin":548415,"position":3},"title":"GASC purchases 60k tonnes of Ukrainian wheat","author":"enterpriseam admin","date":"16 May 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 60k tonnes of Ukrainian wheat in an international tender yesterday that attracted only four bids, Reuters\u2019 Arabic service reports. GASC purchased the wheat from Louis Dreyfus at USD 219.9 per tonne free-on-board, traders tell the newswire. Egypt issuing a wheat tender at\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623340,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/28\/egypts-gasc-buys-470k-tonnes-of-russian-ukrainian-and-us-wheat-in-tender\/","url_meta":{"origin":548415,"position":4},"title":"Egypt\u2019s GASC buys 470k tonnes of Russian, Ukrainian, and US wheat in tender","author":"enterpriseam admin","date":"28 October 2018","format":false,"excerpt":"The General Authority for Supply Commodities (GASC) purchased 470k tonnes of wheat in an international tender on Friday for delivery between 11-20 November, according to Reuters\u2019 Arabic service. The lowest offer was presented from Russia\u2019s ECTP at USD 248.80 per tonne, including shipping. GASC purchased 350k tonnes from Russian suppliers,\u2026","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604635,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/09\/gasc-purchases-350000-tonnes-of-wheat\/","url_meta":{"origin":548415,"position":5},"title":"GASC purchases 350,000 tonnes of wheat","author":"enterpriseam admin","date":"9 December 2018","format":false,"excerpt":"The General Authority for Supply Commodities purchased 350,000 tonnes of wheat last Thursday in an international tender, according to Reuters. Nearly 83% of the purchase is of Russian wheat, with the rest being Ukrainian. Delivery is scheduled between 21 and 31 January.","rel":"","context":"In "Basic Materials + Commodities"","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548415","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=548415"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/548415\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/548406"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/548416"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=548415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=548415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=548415"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=548415"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=548415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}