A US Department of Agriculture report, “Grains: Global Markets and Trade,” monitored the impact of the Russian-Ukrainian war on world wheat and grain imports. The ongoing conflict in Ukraine and Russia has raised concerns about wheat supply and food security.
The report revealed that the war affects the main wheat importers who depend on Black Sea supplies, as 8% of Egypt’s wheat imports come from Russia and Ukraine.
The report also identified a number of reasons that help Egypt to overcome the crisis at the present time.
First: Wheat reserves in Egypt are sufficient for at least 4.5 months of consumption.
Second: Egypt continued to build new silos and expand its storage capacity.
Third, the reforms of the bread subsidy program could reduce the demand for imports.