Egypt team visits Russia to discuss farm trade tension
$350 million of country's agricultural commodities sold to Moscow last year
An Egyptian official delegation is in Russia on Sunday to discuss the ban on Egyptian farm produce, according to Egyptian daily Al-Ahram Online .
The team comprises officials from Egypt’s agriculture and trade ministries as well as representatives of imports and exports departments and the Russian-Egyptian Business Council.
On September 16, Moscow had announced a temporary suspension on imports of fruit and vegetables from Egypt from September 22.
Wheat imports
Last month, Cairo, the world’s largest wheat importer, ban imported wheat containing ergot fungus affecting Russian wheat shipments.
Egypt, like most countries, had previously accepted 0.05 percent of ergot fungus in imported wheat, a quantity considered harmless. The new policy has hurt Russia, which is one of major suppliers of wheat to Egypt.
Cairo has revised the policy since then and Russia said on Friday it would resume supplying its wheat to Egypt.
Russia is also one of Egypt’s main export markets for fruit, with $350 million sales of agricultural commodities last year to Moscow.
Also Read
-
Egypt’s state grain buyer receives wheat offers after amending terms
Suppliers were holding off on making offers, saying they needed more guarantees Economy -
Egypt's minister expects 10pct rise in exports on currency devaluation
Hopes there will be a free floating exchange rate of the Egyptian pound Economy -
Egypt aims to defuse trade row with Russia
Egypt announced it will hold talks with Russia to try to resolve a trade dispute over agricultural produce that has strained their relations Middle East -
Egypt’s IMF loan: A blessing or a curse?
News of the success of negotiations with the International Monetary Fund (IMF) was received with a mixture of relief, skepticism and concern Features
