Egypt purchased a large batch of Russian wheat
The Egyptian state agency Mostakbal Misr purchased a large batch of Russian wheat from JSC “OZK” for shipment this month. It is reported by Reuters.
The exact volume of purchases and prices were not disclosed. The wheat will be delivered on four ships flying the Egyptian flag.
Last week, Mostakbal Misr, which was transferred from GASC at the end of 2024, signed wheat supply agreements with European suppliers, including barter agreements, which will allow it to diversify food imports. However, the agency does not provide information on volumes, prices, and origin of the grain. So far, it is known that 28 thousand tons of Russian wheat arrived in Egypt for Mostakbal Misr at the end of December, and another 33 thousand tons of grain from Russia were booked under a private agreement in early January.
Currently, there is no information about supplies from other countries to Egypt after the change of the state purchaser.
Further development of the grain and oilseed markets of Ukraine and the Black Sea region will be in the spotlight of the BLACK SEA GRAIN. KYIV conference, taking place on April 22–23 in Kyiv. The event will focus on strategic directions for the agricultural sector through 2030, including investments, energy independence, processing, and exports of high-value products.
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