Egypt contracts to buy 180,000 tonnes of wheat from India


Egypt has contracted to buy 180,000 tonnes of wheat from India, Supply Minister Aly Moselhy said on Sunday, less than previously agreed, a deal that is part of the country’s efforts to diversify its wheat supplies.

Egypt, one of the world’s biggest wheat importers, is looking for alternatives to Black Sea grain exports which face disruptions caused by Russia’s invasion of Ukraine.

Russia and Ukraine have been Egypt’s main wheat suppliers. The Ukraine crisis has also raised import costs for Egypt, which heavily subsidises bread for its 70 million population.

Moselhy had said in May that Egypt had agreed to buy 500,000 tonnes of wheat from India but that a contract had not been signed.—Agencies

Previous articleFrance urges producers to cap oil price over Ukraine
Next articleHigh tax rate on heavy industries unjustified: PFC