Egypt has canceled contracts to buy 240,000 tons of Ukrainian wheat, which were reserved by state grain buyers for delivery in February and March, but were not loaded due to the war, two sources told Reuters.
The agency, citing “informed sources”, reported that the General Directorate for the Supply of Goods released two commercial companies supplying four unloaded lots, namely Nipolon and Enrco, from their contractual obligations, despite the absence of a force majeure clause in body contracts.
Reuters reported in May that about 300,000 tons of Ukrainian wheat bought by Egypt was stuck in Ukraine, one shipment was stuck in the port, and four more shipments had not yet been loaded.
For his part, Egyptian Minister of Supply and Internal Trade Ali Al-Moseli confirmed in a press interview on Wednesday that his country received all shipments of wheat that were under contract with Ukraine before the recent crisis, saying there was one shipment. 63,000 tons of Ukrainian wheat awaiting export from ports.
Ahmed Al-Attar, head of the Central Directorate for Agricultural Quarantine of the Egyptian Ministry of Agriculture, said on Wednesday that since the beginning of the Russian-Ukrainian crisis, 200,000 tons of Ukrainian wheat have arrived in Egypt so far, stressing that Egypt depends on diversifying sources of wheat imports to overcome global crises.
Source: agencies