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Egypt Says India Wheat Deal Agreed but Not Signed Yet

Egypt Says India Wheat Deal Agreed but Not Signed Yet

Tuesday, 17 May, 2022 - 16:30
A worker sifts wheat before filling in sacks at the market yard of the Agriculture Product Marketing Committee (APMC) on the outskirts of Ahmedabad, India, May 16, 2022. (Reuters)

Egypt's supply minister said on Tuesday a deal with India to directly purchase 500,000 tons of wheat outside the usual tender system had been agreed but not signed yet.

Supply Minister Aly Moselhy told Reuters about the deal earlier this week, shortly after India announced a ban on wheat exports because of a heatwave curtailing local production.

India's government confirmed on Tuesday that it would still allow shipments awaiting customs clearance and exports to Egypt, often the world's largest importer of wheat.

"We have agreed but we haven't made the contract," Moselhy told reporters in Cairo on Tuesday when asked about the deal to procure 500,000 tons from India. He repeated an earlier statement that deals between governments would not be affected by the ban.

Egypt was currently focused on collecting wheat from the local harvest, which typically runs until July or August, rather than imports, Moselhy added.

Egypt's wheat imports, usually secured through tenders, have been thrown into doubt by Russia's invasion of Ukraine in late February due to heavy dependence on Black Sea wheat.

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