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.
Read also
Kernel plans to resume operations at its oil extraction plants once security condi...
Brazil to increase corn acreage by 4.9% in MY 2026/27
Soybean prices in Ukraine came under pressure from falling domestic demand and dec...
Further declines in wheat prices will depend on the resumption of Black Sea exports
Ethanol byproducts replace up to 25% of soybean meal in India’s compound feed
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon