Egypt diversifies wheat sources due to geopolitical risks
Egypt’s state grain agency Mostakbal Misr told Reuters it has signed wheat supply contracts with strategic partners in France and Romania, and has strong positions in South America and Australia thanks to timely purchases.
The moves are aimed at diversifying sources of wheat and vegetable oils to reduce dependence on Russia and Ukraine amid geopolitical risks.
The agency has also begun using deferred purchasing tactics to stabilize supplies and improve product quality.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
El Niño could cut India’s edible oil production by 5–10%
Ukraine’s wheat exports nearly reach 3 mln tonnes
USDA cuts India sugar production forecast by 4.1 mln tons
Skim milk powder prices on GDT rise to highest level since 2022
Palm oil falls more than 1% after Malaysia leaves export duty unchanged
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon