Egypt comments on Russia’s withdrawal from grain agreement ...Egypt

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Egypt comments on Russia’s withdrawal from grain agreement
The First Assistant Minister to Supply and Internal Trade, Ibrahim Ashmawy, downplayed the impact Russia’s withdrawal from a major grain agreement–  that allowed Ukraine to export grain across the Black Sea – will have on Egypt’s local market. “In general, it is too early to judge this matter, because any disturbances that occur in the supply chains in a negative way will have an impact on prices, and there has been an increase already in wheat prices on global stock exchanges by 2.7 percent,” Ashmawy said. During a telephone interview with Lamis al-Hadidi on Egypt’s “Last Word” (Kalema Akhera) television show, Ashmawy noted that many countries concluded agreements to import wheat away from

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