Egypt probes purchasing 500k tons of wheat from France, Bulgaria

Egypt is mulling importing around 500,000 tons of wheat from France and Bulgaria, Asharq business reported on Wednesday, citing informed sources.

According to Asharq Business, the decision came after Russia halted supplying wheat, objecting to the pricing of a mega-deal.

The authorities in Moscow are seeking to impose an unofficial minimum price on grain deals.

Egypt was reportedly expected to benefit from the UAE’s five-year $500 million financing to supply the country with wheat in January 2024.