Egypt will receive 1 million tons of Russian wheat, and negotiations regarding this are being carried out by the country’s authorities within the framework of the intergovernmental agreement. In this respect he is writing Bloomberg agency quotes sources.
Negotiations regarding supply are ongoing this season. At the same time, the interlocutors said that it is unclear how close the countries are to signing an agreement.
Egyptian First Deputy Minister of Supply Ibrahim Ashmawy said in a statement on September 23 that the country’s government denies information that Cairo has rejected Russian wheat. He emphasized that commercial relations between Egypt and the Russian Federation are progressing smoothly.
On September 21, Bloomberg reported that Egypt would buy almost half a million tons of wheat from France and Bulgaria after Russia blocked the supply.
On September 4, Egypt’s main supply department decided to purchase 480 thousand tons of Russian wheat. The deal was made at $270 per ton, including freight, below the unofficial minimum price Russia is trying to set.
Previously happened It is known that grain exports from Russia increased by a quarter.
Source: Gazeta

Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.