Drastic Reduction of Wheat Supply to Algeria & Egypt
By: Ahmed Fathi
The Moscow-Kyiv crisis is leading to a drastic reduction in the volume of grain shipped from the Black Sea ports. Fearing a Russian offensive, shipping companies are now refusing to make new commitments to traders.
This situation particularly affects Algeria, which has been relying on supplies from this region to compensate for its halt in French purchases. The price of Ukrainian wheat has risen by 75% in five years, a situation that is of great concern to African governments who are still reeling from the 2008 riots linked to food prices.
Algeria and Egypt are the two African countries most dependent on grain supplies from Ukraine, while Morocco and West Africa rely more on supplies from Argentina, the US and France.