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Egypt
Cairo banks on IMF to save wheat-starved private flour mills

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“Africa in the Russia-Ukraine war”

Africa

Africa in the Russia-Ukraine war

Despite taking place thousands of kilometres from Africa, Russia's invasion of Ukraine is having a substantial impact on the continent's economies and governments. Facing hurdles in the supply of grain, fertiliser and fuel, and starved of Russian investment, especially in mining projects, African countries are trying to adapt to the crisis while Moscow and Western countries are lobbying hard to bring them into line with their respective positions. [...]

The state body that provides wheat for Egypt's subsidised bread programme has agreed to supply private millers to help them through a crisis that has shut most of their mills. But this is a stop-gap measure, with the country hoping that an IMF loan will provide long-term relief. [...]

Published on 24/10/2022 at 06:00 GMT Reading time 3 minutes

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Commodity traders

Read this article in our running story

“Africa in the Russia-Ukraine war”

Africa

Africa in the Russia-Ukraine war

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Ali el-Messelhy
Central Bank of Egypt
General Authority for Supply Commodities
International Monetary Fund

Egypt
Import-export firms turn to black market for US dollars

A foreign exchange shortage in Egypt is badly affecting companies engaged in foreign trade. As the country braces for a new devaluation of the pound, the dollar has reached new heights on the black market.

Subscribers only Finance 20.12.2022

Egypt
Big players weather Egypt wheat crisis but many small firms may perish

Major disruption in Egypt's wheat processing sector continues as the country awaits an IMF loan due next month. Only a handful of major players are managing to get supplies, while many smaller flour mills may not survive.

Subscribers only Commodity traders 28.11.2022

Workers unload wheat at the Banha grain silos, in Qalyubia Governorate, Egypt, the 25th May 2022.

Egypt
France to provide financing for the storage of 500,000 tonnes of wheat

The Agence Francaise de Developpement is to help Egypt to increase its wheat storage capacity. Since the Russian invasion of Ukraine, Egypt has had to buy wheat at high prices and hopes that bigger stocks will enable it to deal better with future supply crises.

Subscribers only Commodity traders 16.11.2022

Egypt, France, India
French wheat traders descend on Egypt

Through an exceptional call for tenders involving 825,000 tonnes of wheat, Cairo has secured its supplies until mid-October. Of the 14 ships ordered by GASC, the authority in charge of purchasing cereals, six are French.

Subscribers only Commodity traders, Business 05.07.2022

Egypt
Egpyt tries to adapt to drop in Russian cereal supplies and Indian embargo

Egypt is having great difficulty importing large quantities of Russian wheat, which represented nearly 60% of its purchases prior to the war in Ukraine. Cairo is now trying to negotiate with New Delhi in the hope of ensuring a partial lifting of the embargo on Indian wheat.

Subscribers only Commodity traders, Business 20.06.2022

Workers collect wheat at the Banha grain silos, in Qalyubia Governorate, Egypt, 25 May 2022.

Egypt
Cut off from Ukrainian wheat, Cairo on hunt for Indian supplies

The Egyptian government, which has until now always avoided sourcing from India, has reached out to New Delhi in a bid to obtain large volumes of grain to compensate for the lack of Russian and Ukrainian suppliers.

Free access Commodity traders, Diplomacy 05.04.2022

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Ali el-Messelhy
Central Bank of Egypt
General Authority for Supply Commodities
International Monetary Fund

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Senegal
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Morocco
US-China trade war threatens Morocco's nascent battery industry

Egypt
Cairo banks on IMF to save wheat-starved private flour mills

Africa in the Russia-Ukraine war

This article may be accessed by subscribers

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Africa in the Russia-Ukraine war

Set up email notifications for these topics

Egypt
Import-export firms turn to black market for US dollars

Egypt
Big players weather Egypt wheat crisis but many small firms may perish

Egypt
France to provide financing for the storage of 500,000 tonnes of wheat

Egypt, France, India
French wheat traders descend on Egypt

Egypt
Egpyt tries to adapt to drop in Russian cereal supplies and Indian embargo

Egypt
Cut off from Ukrainian wheat, Cairo on hunt for Indian supplies

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Indigo Publications' websites

Senegal Paris and Dakar mull defence relations

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Egypt Cairo banks on IMF to save wheat-starved private flour mills

Africa in the Russia-Ukraine war

This article may be accessed by subscribers

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Africa in the Russia-Ukraine war

Set up email notifications for these topics

Egypt Import-export firms turn to black market for US dollars

Egypt Big players weather Egypt wheat crisis but many small firms may perish

Egypt France to provide financing for the storage of 500,000 tonnes of wheat

Egypt, France, India French wheat traders descend on Egypt

Egypt Egpyt tries to adapt to drop in Russian cereal supplies and Indian embargo

Egypt Cut off from Ukrainian wheat, Cairo on hunt for Indian supplies

Set up email notifications for these topics

About Africa Intelligence

Subscription

Africa Intelligence on social media

Indigo Publications' websites

Senegal
Paris and Dakar mull defence relations

Morocco
US-China trade war threatens Morocco's nascent battery industry

Egypt
Cairo banks on IMF to save wheat-starved private flour mills

Egypt
Import-export firms turn to black market for US dollars

Egypt
Big players weather Egypt wheat crisis but many small firms may perish

Egypt
France to provide financing for the storage of 500,000 tonnes of wheat

Egypt, France, India
French wheat traders descend on Egypt

Egypt
Egpyt tries to adapt to drop in Russian cereal supplies and Indian embargo

Egypt
Cut off from Ukrainian wheat, Cairo on hunt for Indian supplies