Egyptians Count Rising Bread Costs as Ukraine War Disrupts Wheat Exports
2 years, 9 months ago

Egyptians Count Rising Bread Costs as Ukraine War Disrupts Wheat Exports

News 18  

CAIRO: From his job as a Cairo doorman, Mahmoud Farag earns 1,500 Egyptian pounds each month but it's no longer enough to adequately feed his family of five. Now bread, a politically symbolic staple on which many Egyptians are heavily dependent, is also getting costlier as Black Sea wheat exports are disrupted and global prices surge. "I eat less so my kids don't get hungry," said Farag, 52, whose daily budget for bread currently buys eight small flat loaves instead of 10. SOCIAL RISK Recent price increases could also nearly double annual state spending on wheat imports to $5.7 billion from about $3 billion, according to a study this week by the International Food Policy Research Institute, an amount the government could find it hard to recoup as the cost of subsidised bread has not changed since the 1980s – although the size of a loaf has shrunk. An attempt to raise the price of Egypt's subsidised bread in 1977 sparked riots while former President Hosni Mubarak faced unrest in 2008 over wheat shortages.

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History of this topic

Russia seeks lower transaction costs on Egypt wheat payments, lobby group says
2 weeks, 3 days ago

Russia seeks lower transaction costs on Egypt wheat payments, lobby group says

Live Mint  

MOSCOW, - Russian grain exporters will propose ways to reduce transaction costs on wheat payments to Egypt's new commodities importer, the head of the exporters' lobby group was quoted as saying in an interview with Dubai-based publication Asharq Business. "We have proposals on how to reduce transaction costs in grain settlements under the conditions of limited access for Russian grain …

Why allowing Ukraine to ship grain during Russia's war matters to the world
1 year, 5 months ago

Why allowing Ukraine to ship grain during Russia's war matters to the world

The Hindu  

Agreements that the United Nations and Turkey brokered with Ukraine and Russia to allow food and fertilizer to get from the warring nations to parts of the world where millions are going hungry have eased concerns over global food security. The Black Sea Grain Initiative has allowed 32.8 million metric tons of food to be exported from Ukraine since last …

War brings desperation and danger to Ukraine’s farmers — and the world feels the pain
2 years, 5 months ago

War brings desperation and danger to Ukraine’s farmers — and the world feels the pain

LA Times  

A farmer shows his grain in the village of Ptyche in the Donetsk region of eastern Ukraine in June 2022. Before the war, Ukraine exported an average of 430,000 tons of sunflower oil per month, making it responsible for roughly 42% of the world’s supply; its disruption spiked the price per metric ton by 50%. I’ve never seen anything that …

Serbia, Egypt agree to boost cooperation amid war in Ukraine
2 years, 5 months ago

Serbia, Egypt agree to boost cooperation amid war in Ukraine

Associated Press  

BELGRADE, Serbia — Egypt and Serbia on Wednesday agreed to boost political, economic and other cooperation as the two countries look for ways to deal with the global impact of the Russian invasion of Ukraine. His host, Serbia’s President Aleksandar Vucic, said the visit had a “historic character.” “It will bring so much in the future,” Vucic said at a …

Far from Ukraine, food prices and hunger rise in Africa because of the war
2 years, 7 months ago

Far from Ukraine, food prices and hunger rise in Africa because of the war

LA Times  

It now costs Ayan Hassan Abdirahman twice as much as it did just a few months ago to buy the wheat flour she uses to make breakfast each day for her 11 children in Somalia’s capital. Conflict, the climate crisis, COVID-19 and surging food and fuel costs have created a perfect storm — and now we’ve got the war in …

War in Ukraine adds to food price hikes, hunger in Africa
2 years, 7 months ago

War in Ukraine adds to food price hikes, hunger in Africa

Associated Press  

MOGADISHU, Somalia — It now costs Ayan Hassan Abdirahman twice as much as it did just a few months ago to buy the wheat flour she uses to make breakfast each day for her 11 children in Somalia’s capital. Conflict, the climate crisis, COVID-19 and surging food and fuel costs have created a perfect storm — and now we’ve got …

Ghana and Uganda ban grain and food exports
2 years, 7 months ago

Ghana and Uganda ban grain and food exports

The Hindu  

Published : May 28, 2022 16:23 IST Ghana and Uganda are among a slew of African countries banning the export of grains and other farm produce with the latter imposing high taxes to prevent food exports to neighbouring countries. “That is why there’s a ban on the major food crops that we all know — maize, rice, and soybeans.” Around …

In Davos, Piyush Goyal defends India’s wheat export ban
2 years, 7 months ago

In Davos, Piyush Goyal defends India’s wheat export ban

The Hindu  

A large number of European countries have imposed regulatory measures for ensuring food security, said Commerce and Industry Minister Piyush Goyal on Wednesday. Speaking at the World Economic Forum in Davos, Mr. Goyal defended the May 13 decision to prohibit wheat export and said the move was aimed at ensuring price stability and to help vulnerable countries and communities. Different …

Skyrocketing grain prices to worsen global food insecurity, Rabobank warns
2 years, 7 months ago

Skyrocketing grain prices to worsen global food insecurity, Rabobank warns

ABC  

Russia's war over Ukraine will push grain and food prices up for at least a year, Rabobank has warned, with dire outcomes for the world's hungriest nations. Key points: Rabobank has warned higher grain prices will be felt across the world well beyond this year The real impact of Ukraine's smaller grain exports would be felt after its summer harvest …

Egyptian delegation to visit India to discuss wheat imports
2 years, 9 months ago

Egyptian delegation to visit India to discuss wheat imports

Live Mint  

A delegation from Egypt will visit India in the first week of April to facilitate wheat imports as part of efforts to secure supplies and tide over shortages at one of the world's biggest importers of the staple, Indian government sources said. The Egyptian delegation would meet potential Indian buyers, examine logistical and other issues and assess various grades and …

Ukraine war imperils wheat, but farmers in no rush to pivot
2 years, 9 months ago

Ukraine war imperils wheat, but farmers in no rush to pivot

Associated Press  

DUBAI, United Arab Emirates — Russia’s war in Ukraine could mean changes for Ed Kessel’s farm along a quiet stretch of western North Dakota. Worldwide, farmers like Kessel are weighing whether to change their planting patterns and grow more wheat this spring as the war has choked off or thrown into question grain supplies from a region known as “the …

Explained | What makes Ukraine a ’breadbasket’ to many countries
2 years, 9 months ago

Explained | What makes Ukraine a ’breadbasket’ to many countries

The Hindu  

Other than concerns about oil and finance, Russia’s geopolitical actions in the Ukraine have unsettled the latter’s services as the ‘breadbasket’ to several countries. Output and export The Ukranian Ministry of Agrarian Policy & Food’s latest data for the marketing year 2021-22 stated, as of Feb 23, 17.9 million tonnes of wheat, approx. The FAO forecasts that Ukraine would export …

After pandemic, war in Ukraine new threat to food security
2 years, 9 months ago

After pandemic, war in Ukraine new threat to food security

India Today  

The crisis in Ukraine and Russia, one of the world’s main sources of grain, fertilizers and energy, presents new challenges in securing food supplies on top of a prolonged pandemic, a U.N. official said Thursday. “We weren’t going well even before the pandemic, the hunger was rising slowly and then the pandemic hit,” said Gabriel Ferrero de Loma-Osorio, head of …

Ukraine bans exports of wheat, oats and other food staples
2 years, 10 months ago

Ukraine bans exports of wheat, oats and other food staples

Associated Press  

LONDON — Ukraine’s government has banned the export of wheat, oats and other staples that are crucial for global food supplies as authorities try to ensure they can feed people during Russia’s intensifying war. New rules on agricultural exports introduced this week also prohibit the export of millet, buckwheat, sugar, live cattle, and meat and other “byproducts” from cattle, according …

Surging prices and wheat shortages: How the invasion of Ukraine is impacting global food supplies
2 years, 10 months ago

Surging prices and wheat shortages: How the invasion of Ukraine is impacting global food supplies

Salon  

As the world closely watches the Russian invasion of Ukraine, one thing is certain as we wonder what happens next. Thanks to new agricultural supply chain disruptions compounded with climate change related drought and low crop yields, consumers are left bracing for what could be unprecedented levels of global food insecurity. RELATED: Ukrainian President Zelensky begs Biden to help In …

Russian war in world's 'breadbasket' threatens food supply
2 years, 10 months ago

Russian war in world's 'breadbasket' threatens food supply

India Today  

The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region — known as the “breadbasket of the world.” Ukrainian farmers have been forced to neglect their fields as millions flee, fight or try to stay alive. …

Ukraine war could send bread, noodle and livestock feed prices skyrocketing
2 years, 10 months ago

Ukraine war could send bread, noodle and livestock feed prices skyrocketing

ABC  

The Russian tanks and missiles besieging Ukraine are also threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region — known as the "breadbasket of the world". Key points: Russia and Ukraine combine for nearly a third of the world's wheat and barley exports Wheat …

War in the ‘breadbasket of Europe’ could threaten global food supply
2 years, 10 months ago

War in the ‘breadbasket of Europe’ could threaten global food supply

LA Times  

The Russian tanks and missiles besieging Ukraine are also threatening the food supply and livelihoods of people as far away as Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region — sometimes called the “breadbasket of Europe.” Ukrainian farmers have been forced to neglect their fields as millions flee, fight or try to stay …

Russian war in world's 'breadbasket' threatens food supply to Europe, Africa, Asia
2 years, 10 months ago

Russian war in world's 'breadbasket' threatens food supply to Europe, Africa, Asia

Firstpost  

If the war is prolonged, countries that rely on affordable wheat exports from Ukraine could face shortages starting in July, International Grains Council director Arnaud Petit said The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea …

Russian war in world’s ‘breadbasket’ threatens food supply
2 years, 10 months ago

Russian war in world’s ‘breadbasket’ threatens food supply

Associated Press  

BARCELONA, Spain — The Russian tanks and missiles besieging Ukraine also are threatening the food supply and livelihoods of people in Europe, Africa and Asia who rely on the vast, fertile farmlands of the Black Sea region — known as the “breadbasket of the world.” Ukrainian farmers have been forced to neglect their fields as millions flee, fight or try …

MENA faces a crisis as the world’s key wheat producers are at war
2 years, 10 months ago

MENA faces a crisis as the world’s key wheat producers are at war

Al Jazeera  

The near future looks grim for the countries in the Middle East and North Africa that depend on the Russian and Ukrainian wheat imports due to the war between the two, experts warn. Istanbul, Turkey – As two of the world’s key wheat producers face off in an all-out war, tomorrow looks grim for the Middle East and North Africa …

Russia's invasion of Ukraine may cause havoc for wheat-importing Mideast nations
2 years, 10 months ago

Russia's invasion of Ukraine may cause havoc for wheat-importing Mideast nations

NPR  

Russia's invasion of Ukraine may cause havoc for wheat-importing Mideast nations Enlarge this image toggle caption Genya Savilov/AFP via Getty Images Genya Savilov/AFP via Getty Images BAGHDAD — Russia's invasion of Ukraine could cause havoc for wheat-importing nations in the Mideast. This week, Egypt's Prime Minister Mostafa Madbouly called a special Cabinet session to consider how the Russian invasion of …

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