Egypt Stabalizes Wheat Imports Despite Russia-Ukraine War, USDA Says
Egypt has been able to secure a “stable” supply of wheat over the past three months despite the large-scale disruption to its wheat trade caused by Russia’s invasion of Ukraine, the USDA Foreign Agricultural Service said in a June 22…
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report. Egypt had bought more than 80% of its wheat from Russia and Ukraine over the past five years (see 2203290025), but USDA said the country has quickly pivoted to a “diverse” set of markets and has reported no wheat, flour or bread shortages. Its new sources include India, USDA said, which exported its first shipment of wheat to Egypt’s private sector earlier this month.