Egypt Is `Playing With Fire' as Wheat Disputes Risk Supply

  • Import giant rejects Russian wheat over levels of ergot fungus
  • That comes after payment disputes held back other cargoes
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Egypt may have to import more wheat -- and at higher prices -- as problems from payment disputes to a fungus-tainted cargo disrupt supplies to one of the world’s top importers.

The North African country on Thursday said it rejected a cargo of Russian wheat due to higher-than-allowed levels of the common ergot fungus, which is only harmful in large amounts. That follows two shipments of Russian grain that were held back amid payment disputesBloomberg Terminal, while another won’t be shipped due to a missed delivery time.