A delegation from the state-run wheat buyer met with officials from the Russian Grain Union and the Agriculture Ministry in Moscow on July 19, Bloomberg said. Egypt purchased wheat from Russia in July, the first since the nation banned exports last year.
“We reached mutual understanding on a number of positions and understood that we have to solve a number of issues, not only in the interests of Russia but in the interests of the market as a whole,” Korbut told Bloomberg. “We, at least, have not heard from them that GASC does not want to buy Russian wheat.”
The presence of ragweed in exported Russian wheat was a particular issue regarding Egyptian standards, according to Korbut.
“They said they are ready to admit all participants to tenders, but request them to stick to quality and safety standards established by Egypt,” Korbut told Bloomberg.