Egypt Bans Exports of Vegetable Oil and Corn for 3 Months

Egypt’s trade ministry on Saturday banned exports of all kinds of vegetable oil and corn for three months starting from March 12, the ministry said in a statement.

Egypt said on Thursday it was banning exports of lentils, pasta, wheat, flour and fava beans for three months from March 11.

In a preliminary assessment on Russia’s invasion of Ukraine, the Food and Agriculture Organization (FAO) said it was not clear if Ukraine would be able to harvest crops during a protracted conflict, with uncertainty also surrounding Russian food exports.

FAO said Russia was the world’s largest exporter of wheat, while Ukraine was the fifth largest. Together, they provide 19% of the world’s barley supply, 14% of wheat, and 4% of maize, making up more than one-third of global cereal exports.

AAWSAT

Tags: corn, vegetable oils, restrictions, Egypt