CAIRO, Nov 1 (Reuters) – Global events may temporarily affect Egypt’s grain supply but the country can adapt to them, Egypt’s supply minister said. Ali Moselhy to Reuters on Tuesday when asked if the decision of Russia to stop its participation in an agreement to export grain of the UN. it will affect its supply.
The supply of grain available in the world is enough to meet the world’s needs, added Moselhy.
Egypt, one of the world’s largest grain importers, has not issued international tenders since mid-July, opting to buy directly from trading houses. The price of grain has increased amid the conflict between Russia and Ukraine, two countries from which Egypt buys most of its grain.
Moscow said on Saturday it was suspending its participation in a UN-brokered grain export deal after an attack on its Black Sea tanker. Ukraine has not confirmed or denied whether it was behind that attack.
Report by Momen Saeed Atallah; Written by Nadine Awadalla; Edited by Louise Heavens
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