1 Day
Source:
بوابة الشروق
Global wheat market affected by Russia-Ukraine tensions
The escalating tensions between Russia and Ukraine are putting pressure on the global wheat market, with prices expected to rise and imports to decline due to shipping restrictions and military movements. This threatens Egypt's wheat supply security, as the country heavily relies on the Russian and Ukrainian markets. Although there is sufficient strategic stockpile until March 2027, the increase in local wheat prices driven by the rise in the dollar and tense situation may raise import costs. It is expected that the crisis will lead to a roughly one-third decrease in Russian exports during July, with ongoing risks to the country's supplies.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)