300,000 tonnes of wheat bought by Egypt stranded in Ukraine
17 May 2022; MEMO: About 300,000 tonnes of Ukrainian wheat booked by Egypt's state grains buyer for delivery in February and March is yet to be shipped, with one cargo stuck in port and four others still to be loaded, four traders said and Reuters reports.
Egypt's General Authority for Supply Commodities (GASC) has granted an extension to secure the cargoes but is not offering trading companies any force majeure release from contractual obligations, according to traders.