Egypt boosts wheat purchases from France
Egypt is increasing wheat purchases from France as it shifts sourcing away from Russia and Ukraine after renewed strikes disrupted Black Sea grain routes, the supply minister said. Cairo has a 50,000 metric ton shipment en route from France and is stepping up engagement with Bulgaria and Romania, while its reserves cover more than six months of strategic consumption. Attacks on commercial shipping have widened the Lloyd's high-risk Black Sea zone and pushed war-risk premiums higher, adding hundreds of thousands of dollars to seven-day voyages and reducing Ukrainian export capacity after July strikes, complicating global grain flows.
Egypt has a 50,000 metric ton wheat shipment en route.
Context
Russia and Ukraine have targeted commercial shipping in the Black Sea. This raised war-risk premiums and cut Ukrainian export capacity. Buyers are diverting to other suppliers and longer routes.
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