The Clap
The Egyptian government is currently in negotiations with Serbia to purchase one million tons of wheat.
What
Serbia is considered one of the largest wheat exporters in the world, with a production volume of 2.6 million tons in 2021.
So what
Egypt is one of the largest importers of wheat globally, with now-in-war Russia as its main supplier, leading Egypt to seek alternative suppliers.
Now what
Serbia does not typically export more than one million tons of wheat per season, & the US Department of Agriculture predicts that its sales for this year will be 600,000 tons, according to Bloomberg.
