“I think it's significant, but not critical, because the total volumes are much larger.
Egypt is one of the main consumers of not only Ukrainian, but also Russian grain.
Relations have been established there, so I think they can switch to either Russian supplies or supplies from some other countries.
Egypt is a major client of our grain exports... I think that there will be enough resources to close this, and how it will affect logistics... I think that Russian suppliers may well make up for this, ”the expert explained.
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.
It is noted that in December 2021, the Egyptian authorities purchased grain from Ukraine worth from $346 to $360 per ton.
The cargoes were never delivered amid the Ukrainian crisis.