In the past three days, I believe the whole world glued in front of the TV as well as the social media to follow the updates of the Russian invasion of Ukraine.
I was more than glued in front of the TV because this war is not only alarming to the West but also alarming to Egypt and it is the usual butterfly effect.
It is not a big secret but Egypt, the world’s largest wheat importer depend on both Ukraine and Russia mainly for its needs.
Ukrainian couple in Egypt once upon time, I hope they are fine now for real. Do not know the source though |
Egypt imported last year 80% of its wheat needs from Ukraine and Russia together.
In 2021, Egypt imported 5.5 million tonnes of wheat, on top of the 3.5 million tonnes produced locally, according to data released by the supply ministry in December according to Ahram Online.
This is happening at the same time the Egyptian government states that it will raise the price of subsided bread for the first time in 30 years.