Russia delays delivery of 430 thousand tons of wheat to Egypt

Egypt will start receiving the delayed Russian shipment of 430 thousand tons of wheat in November, Supply Minister Sherif Farouk told Bloomberg on Monday.

Farouk did not provide further details and refused to explain the reasons for the delay in the agreement, which was reached in September. The delivery was scheduled for October, with delivery no later than the first week of November.

In August, the Egyptian authorities announced that they were holding a tender for 3.8 million tons of wheat, but only a small part of this amount was purchased, and no tenders have been held since.

Farouk said that the tender was “over” and that the government had the option of continuing with other tenders or direct purchases with wheat suppliers. In comments, Egypt emphasized that it will not be tied to any particular exporter and that it is open to diversifying its wheat sources depending on world prices.

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Tags: Russia, Egypt, wheat