October 27, 2011

  

Egypt reinstates Ukraine as key grain supplier

 

 

Ukraine has been reinstated by Egypt as the priority grain supplier, according to the President of Ukrainian Agrarian Confederation Leonid Kozachenko.

 

"We have obtained the opportunity to resume wheat exports to Egypt. Egyptian state operator GASC notified us about this in an official letter," he said.

 

Egypt annually imports about 10 million tonnes of wheat and five million tonnes of corn, the Agrarian Confederation noted. According to Kozachenko, Egypt has already contracted about a half of the required volume.

 

"We can claim a share of the remaining supplies if we offer a better price than Russia, which is the main supplier of grain to that country," he said. Ukraine also has opportunities for the supply. With a yield of about 53 million tonnes, 24 million tonnes can be exported from the country.