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Wednesday, 7 September 2022

Ukrainian wheat shipment gets the greenlight to head for Egypt

Egypt might finally be getting hold of Ukrainian wheat it bought in December: Egypt has agreed to receive a new 63k-ton shipment of Ukrainian wheat, a move that could pave the way for the country to finally receive wheat bought prior to the Russia-Ukraine war, MENA reported, citing statements from Supply Minister Ali El Moselhy.

This is likely a replacement shipment: Two people familiar with the matter told Reuters that Egypt has been in talks with the supplier for a replacement shipment amid continued delays releasing the vessel. One source said the shipment referred to by the minister is the replacement.

What’s the hold-up? State grain buyer GASC purchased the wheat in a tender back in December, but the cargo has been trapped in Ukraine since Russia invaded the country in late February. The shipment has remained stuck even after Kyiv resumed wheat exports in July after Ukrainian authorities detained the ship on suspicion of the owner having Russian links. Ukrainian officials said last month that they are trying to expedite its release but the ship remains at port.

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