New Delhi: A delegation from Egypt Will visit India in first week of April for convenience import of wheat As part of efforts to secure supplies and tackle shortages at one of the world’s biggest importers, government sources said.
Egypt, often the world’s biggest wheat importer, is grappling with soaring bread and flour prices after Russia’s invasion of Ukraine cut access to low-priced Black Sea wheat.
India, the world’s second largest producer of wheat, has emerged as a major supplier of grain to several countries in the wake of the crisis in the Black Sea region, which is grappling with cargo disruptions and skyrocketing grain prices.
Although Egypt has been a traditional buyer of Russian and Ukrainian wheat, India is willing to help Cairo by supplying the grain, said the sources, who did not wish to be identified, in line with official regulations.
He said Egypt can buy 12 million tonnes of Indian wheat.
Sources said the Egyptian delegation will meet potential Indian buyers, examine logistics and other issues and assess the different grades and quality of Indian wheat.
“India is in a position to supply high quality wheat to Egypt and to meet the quality and other requirements of Egypt,” a source said.
On Tuesday, Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs and Food and Public Distribution, said he met Hala Elsaid, Egypt’s minister for planning and economic development in Dubai, and called on Cairo to “supply high-quality wheat.” New Delhi’s readiness”.
Sources said one of India’s government export promotion bodies will assist the Egyptian delegation.
On Monday, Egyptian Prime Minister Mustafa Madbouli said Cairo was counting on France to secure some supplies of basic commodities like wheat.
On 24 March, Egypt’s Minister of Supply Ali Moselhi said that Egypt was in talks with Argentina, India, France and the United States for future wheat imports, but was in no hurry to buy at the moment.
He said Indian suppliers would still have to obtain accreditation from the state buyer from the general authority to supply goods.
Earlier this month Egypt set a fixed price for non-subsidized bread so that some bakeries saw a sharp increase in bread prices from 25% to 1.25 Egyptian pounds ($0.07) per loaf.
Egypt, often the world’s biggest wheat importer, is grappling with soaring bread and flour prices after Russia’s invasion of Ukraine cut access to low-priced Black Sea wheat.
India, the world’s second largest producer of wheat, has emerged as a major supplier of grain to several countries in the wake of the crisis in the Black Sea region, which is grappling with cargo disruptions and skyrocketing grain prices.
Although Egypt has been a traditional buyer of Russian and Ukrainian wheat, India is willing to help Cairo by supplying the grain, said the sources, who did not wish to be identified, in line with official regulations.
He said Egypt can buy 12 million tonnes of Indian wheat.
Sources said the Egyptian delegation will meet potential Indian buyers, examine logistics and other issues and assess the different grades and quality of Indian wheat.
“India is in a position to supply high quality wheat to Egypt and to meet the quality and other requirements of Egypt,” a source said.
On Tuesday, Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs and Food and Public Distribution, said he met Hala Elsaid, Egypt’s minister for planning and economic development in Dubai, and called on Cairo to “supply high-quality wheat.” New Delhi’s readiness”.
Sources said one of India’s government export promotion bodies will assist the Egyptian delegation.
On Monday, Egyptian Prime Minister Mustafa Madbouli said Cairo was counting on France to secure some supplies of basic commodities like wheat.
On 24 March, Egypt’s Minister of Supply Ali Moselhi said that Egypt was in talks with Argentina, India, France and the United States for future wheat imports, but was in no hurry to buy at the moment.
He said Indian suppliers would still have to obtain accreditation from the state buyer from the general authority to supply goods.
Earlier this month Egypt set a fixed price for non-subsidized bread so that some bakeries saw a sharp increase in bread prices from 25% to 1.25 Egyptian pounds ($0.07) per loaf.