“Last season, which ended on July 1, Egypt purchased a total of 11.5 million tons of wheat on the world market: including 6.6 million tons from Russia, 1.8 million tons from Ukraine, and a little more from Romania. 1 million tons and 195 thousand tons in France.
That is, these are the main suppliers of wheat to Egypt, in the past season, Russia accounted for 57.5% of Egypt's total wheat imports.
In the 2021-2022 season, the volume of wheat imports from Russia by Egypt decreased, the decrease was 3.4 million tons, or 66%.
In connection with the events in Ukraine and with the sanctions, logistical risks have increased ... Egypt took the path of expanding the geography of imports: it bought wheat from India and increased purchases from Romania, ”the expert said.
According to her, at the time of contracting in April, the price of wheat was higher than today.
“I think that this is also one of the reasons for the refusal of supplies.
Plus, there was information that these deliveries of Ukrainian wheat did not take place on time under the contract.
I think that the first is due to logistical risks, the second is the lower price level today.
Also, the drought in the EU may affect the decline in the harvest of wheat in the EU countries, respectively, I think that Egypt will again increase wheat purchases in Russia, ”concluded the interlocutor of RT.
Earlier, Reuters, citing sources, reported that Egypt had terminated contracts for the purchase of wheat from Ukraine.
According to the agency, the Egyptian General Directorate for the Supply of Goods (GASC) has decided to "release" the supply companies Nibulon and Inerco from contractual obligations.