Egypt Faces Massive Drop in Wheat Imports Amid Russia-Ukraine War
Egypt could be facing a significant drop in its wheat imports since two of its largest suppliers, Ukraine and Russia, are at war. According to a report from the USDA's Foreign Agricultural Service, wheat imports into Egypt could drop by…
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8.3% from marketing year 2021/22, to 11 million tons for the marketing year 2022-23 starting in July -- the lowest rate in nine years. Over the past five years, Egypt bought more than 80% of its wheat from Russia and Ukraine due to relatively fast shipping times and low prices. "The war between Russia and Ukraine is potentially aggravating already unsettled supply chains and causing major disruptions of wheat supplies to import destinations in the Middle East and North Africa region," the report said. "Egypt is not isolated from these catastrophic events, which is already affecting its imports of wheat from both countries."