Thndr Claps » EGY Claps » Economy 🏙 » Egypt in final talks to import wheat from India🌾
The ClapIndia’s Ministry of Commerce & Industry has reached the final stages in talks with Egypt to begin exporting Indian wheat to it.
The deetsIndia’s government requested its port authorities to make way for more wheat containers.
Egypt is the world’s biggest wheat importer, & it’s been facing pressure ever since Russia, Egypt’s biggest wheat exporter, decided to invade Ukraine.
India is considering exporting wheat to other countries suffering from the same issue, according to Bloomberg. These countries include China, Turkey, Bosnia, Nigeria, Sudan, and Iran.
Why this mattersEgypt has been advised to look for other countries to import wheat from, as the Russia-Ukraine crisis is expected to put an EGP 15 billion dent in our wheat budget this year.
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