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Egypt

Potential Ukrainian wheat supply blockage for Algiers and Cairo

The Moscow-Kyiv crisis is leading to a drastic reduction in the volume of grain shipped from Black Sea ports. Fearing a Russian offensive, shipping companies are now refusing to make new commitments to traders. This situation particularly affects Algiers, which has been relying on supplies from this region to compensate for its halt in French purchases, but it is also of consequence to Egypt.

Barley grain is mechanically poured into a 40,000 ton ship at a Ukrainian agricultural exporter's shipment terminal in the Black Sea port of Mykolaïv, in Ukraine.
LogoSubscribers only Commodity Traders 16.02.2022

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