21.09.2023, 13:30
Egypt will buy wheat from France and Bulgaria instead of Russia
Source: OREANDA-NEWS
OREANDA-NEWS Egypt will buy wheat from France and Bulgaria instead of Russia, Bloomberg reports, citing sources.
"Moscow was not satisfied with the price offered during the negotiations on the wheat purchase deal," they claim.
According to a Bloomberg source, the price offered by Egypt was below the threshold set by Russia.
In early September, Egyptian Supply Minister Ali El-Mosilhi said that the state had agreed to purchase 480 thousand tons of Russian wheat during direct negotiations with the Kremlin. A few days later, Egypt announced that the grain trader Solaris, will receive the right to purchase grain from any country.
In mid-July, Nomani Nasr Nomani, adviser to the Egyptian Minister of Supply for the supply of goods, said that the country was seeking to increase wheat stocks by diversifying import sources in addition to local production. The first assistant to the Minister of Supply of Egypt and the head of the commodity exchange, Ibrahim Ashmawi, explained earlier to RIA Novosti that Cairo is among the largest importers of wheat, and the share of Russian grain in its imports is estimated at 80%.
"Moscow was not satisfied with the price offered during the negotiations on the wheat purchase deal," they claim.
According to a Bloomberg source, the price offered by Egypt was below the threshold set by Russia.
In early September, Egyptian Supply Minister Ali El-Mosilhi said that the state had agreed to purchase 480 thousand tons of Russian wheat during direct negotiations with the Kremlin. A few days later, Egypt announced that the grain trader Solaris, will receive the right to purchase grain from any country.
In mid-July, Nomani Nasr Nomani, adviser to the Egyptian Minister of Supply for the supply of goods, said that the country was seeking to increase wheat stocks by diversifying import sources in addition to local production. The first assistant to the Minister of Supply of Egypt and the head of the commodity exchange, Ibrahim Ashmawi, explained earlier to RIA Novosti that Cairo is among the largest importers of wheat, and the share of Russian grain in its imports is estimated at 80%.
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