Source: Egyptian Institute for Studies
Author(s): Abdel-Tawab Barakat
Egypt is the most world country that suffers from the unprecedented rise in global wheat prices, amid its scarcity in the international grain trade market following eruption of the Russian war on Ukraine on 24 February 2022. This has imposed great pressure on Egypt’s general budget and foreign exchange resources, being the world’s largest importer of wheat, 13 million tons in 2021, with 90% of wheat imports coming from the two warring countries, Russia and Ukraine.
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