It has been reported that Egypt is not going to abandon purchasing Russian wheat, as was previously claimed. The first assistant to the country's Minister of Supply, Mr. Ibrahim Ashmawi, expressed confidence in maintaining strategic relations with Russia and continuing the successful development of commercial relations between the two countries. In an interview with RT Arabic channel, he emphasized that there are no disagreements between Cairo and Moscow regarding wheat purchases.
Earlier, it was reported that Egypt planned to procure wheat from France and Bulgaria after Russia attempted to set an unofficial price floor for the supply of its grain, which led to its effective blockade. However, there has been no official confirmation of these plans from the Egyptian authorities.
Last month, Egypt struck a deal with a private trader to purchase 480,000 tons of Russian wheat at a price of $270 per ton, including freight. This was below the unofficial minimum price level that Russian officials tried to establish. Egypt then announced that the company Solaris from Switzerland would be responsible for the grain deliveries.
Egypt is one of the world's largest wheat importers. The main supply authority of Egypt handles almost all shipments. In the previous season, Egypt increased its purchases of Russian wheat by 61.1%, reaching 8.1 million tons. It is also worth noting that in early August, Egypt purchased 300,000 tons of Russian wheat at a price of $250 per ton.