Egypt has contracted to buy 180,000 tonnes of wheat from India, Supply Minister Aly Moselhy said on Sunday, less than previously agreed, a deal that is part of the country's efforts to diversify its wheat supplies. Egypt, one of the world's biggest wheat importers, is looking for alternatives to Black Sea grain exports which face disruptions caused by Russia's invasion of Ukraine . Russia and Ukraine have been Egypt's main wheat suppliers. The Ukraine crisis has also raised import costs for Egypt , which heavily subsidises bread for its 70 million population. Mr. Moselhy had said in May that Egypt had agreed to buy 500,000 tonnes of wheat from India but that a contract had not been signed. India banned wheat exports in May because of lower domestic production, but made allowances for countries like Egypt with food security needs. "Based on what the supplier said, the condition was that the wheat has to be at the ports, then it would be available," Mr. Moselhy said on … [Read more...] about Egypt contracts to buy 180,000 tonnes of wheat from India: Supply minister Aly Moselhy
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‘In Appreciation Of The Solid Relations…’: UAE Bans Export, Re-export Of Indian Wheat
The government of the United Arab Emirates (UAE) ordered a four-month suspension in exports and re-exports of wheat and wheat flour imported from India. The state-run news agency said that the ministry of economy of the UAE took the decision due to disruptions in global trade flows. The ministry also stated that the grain was exported by the UAE for its domestic consumption. “The resolution applies to all wheat varieties (spelt), namely hard, ordinary, and soft wheat, and wheat flour (spelt flour)… This decision comes in view of the international developments that have affected trade flows and in appreciation of the solid and strategic relations that bind the UAE and India, especially after the signing of the Comprehensive Economic Partnership Agreement between the two countries and the Indian government’s approval to export wheat to the UAE for domestic consumption,” the ministry said in a release. The UAE government’s move means that many nations (mostly rich and developed … [Read more...] about ‘In Appreciation Of The Solid Relations…’: UAE Bans Export, Re-export Of Indian Wheat
Russia-Ukraine crisis live updates | G-7 demands Russia ‘immediately’ return Ukrainians taken by force
The G-7 leaders have pledged to continue supporting Ukraine “for as long as it takes.” In a joint statement Monday after a video link session with Ukrainian President Volodymyr Zelensky, the leaders underlined their “unwavering commitment to support the government and people of Ukraine in their courageous defence of their country’s sovereignty and territorial integrity.” President Joe Biden is set to announce that the U.S. is providing an advanced surface-to-air missile system to Ukraine, as well as additional artillery support Russian forces were fighting on June 27 to achieve one of their strategic objectives in Ukraine as Moscow-backed separatists said they were pushing into Lysychansk, the last major city still held by Ukrainian troops in eastern Luhansk province. Lysychansk's twin city of Sievierodonetsk fell on Saturda y in a victory for Moscow's campaign to seize the eastern provinces of Luhansk and Donetsk on behalf of pro-Russian separatists. Russia invaded Ukraine on … [Read more...] about Russia-Ukraine crisis live updates | G-7 demands Russia ‘immediately’ return Ukrainians taken by force