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Egypt Counting On France To Secure Wheat Supplies Amid Ukrainian Crisis

FILE PHOTO: Fields of wheat and sunflower in Kramatorsk, Ukraine. The United Nations Secretary-General Antonio Guterres said on Monday Russia and Ukraine represent more than half of the world’s supply of sunflower oil and about 30 percent of the world’s wheat. /CFP Photo

 

Egyptian Prime Minister Mostafa Madbouly said on Monday that Egypt counts on its strategic relations with France to secure some supplies of basic commodities like wheat, in case the Ukrainian crisis continues for a long time.

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Madbouly’s remarks came during his meeting with visiting French Economy and Finance Minister Bruno Le Maire in Cairo, according to a government statement.

“Egypt and France share the same visions and concerns about the repercussions of the Russian-Ukrainian crisis,” said the Egyptian prime minister, noting the longer the crisis continues, the more dire consequences it will have on the global economy.

For his part, Le Maire affirmed his country’s full support for Egypt during the economic crisis the world is facing, especially with regard to the global commodity market.

He said France produces about 35 million tonnes of wheat annually and exports about half of them, highlighting France’s readiness to cooperate with Egypt in this field.

Earlier in the day, Le Maire held talks with Egyptian President Abdel-Fattah al-Sisi, discussing means of furthering economic cooperation between the two countries.

During the meeting, the Egyptian president highlighted “the strategic relations between Egypt and France,” according to the Egyptian presidency

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Written by PH

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