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Egypt Cancels 240,000 Tons of Ukrainian Wheat Contracts

  • State buyer GASC canceled four cargoes on supplier requests
  • Wheat-importer Egypt has adequate stockpiles of grain
Sacks of wheat are emptied at a government-operated mill in central Fayoum, Egypt.

Sacks of wheat are emptied at a government-operated mill in central Fayoum, Egypt.

Photographer: Islam Safwat/Bloomberg

Egypt canceled four cargoes of Ukrainian wheat that it contracted to buy before Russia’s invasion, even as Kyiv prepares to restart grain exports following a forced five-month hiatus due to the war. 

State buyer GASC scrapped the purchase of 240,000 tons for February and March delivery that never loaded in Ukraine, according to three people with knowledge of the matter who asked not to be identified because they aren’t authorized to speak to the media.