Reduced wheat supplies through the Suez Canal

The volume of wheat supplies through the Suez Canal decreased by 40% in January and amounted to 0.5 million tons. The increased tension in the Red Sea and the Gulf of Aden became the cause. In December, 8% of supplies from Europe, Russia, and Ukraine were redirected through other routes, and in January, this figure increased to 42%. Prior to the military escalation, only 3% of supplies went through alternative routes.

22 January 2024

According to a World Trade Organization report, the volume of wheat shipments through the Suez Canal in the first half of January fell by 40% to just .5 million tons. This is due to the deteriorating situation in the Red Sea and the Gulf of Aden.

It also noted that in December, about 8% of wheat shipments from the European Union, Russia and Ukraine, which would normally pass through the Suez Canal, were redirected along alternative routes. However, in the first half of January this figure increased to approximately 42%.

The WTO recalled that before the military escalation in the Red Sea, the share of alternative wheat supply routes was only about 3%.

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Reduced wheat supplies through the Suez Canal

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