Minister: Egypt gained no benefits from grain deal during Ukraine-Russia crisis

General

Supply and Internal Trade Minister Ali Moselhi said Egypt withdrew from the grain deal since Cairo has not got the desired benefits from the agreement during the Ukraine-Russia crisis.

Speaking on the sidelines of opening a fair of "Ahlan Ramadan", he reiterated Saturday 18/03/2023 that the deal’s aim is to strike a balance in the markets, provide wheat needs of countries and control the trade balance for producers and consumers.

The deal, however, failed to realize these desired goals during the Ukraine-Russia crisis, so Egypt withdrew from it, he added.

Source: State Information Service Egypt