26/05/2026
🇪🇬 announces ambition to become a global with support from Russia
Egypt, the world’s largest importer of Russian , has announced plans to develop a global grain trading and storage hub. The statement was made by Supply Minister Sherif Farouk during a grain forum in Sochi, Russia. According to him, the strategy includes building infrastructure for grain storage, processing, and trade, targeting markets in the Middle East, Africa, and other regions.
The project envisions the development of modern elevator capacity, transport systems, and grain processing facilities. Egypt is also considering cooperation with Russia on developing exchange infrastructure, establishing price benchmarks, and improving transparency across supply chains. The minister said these steps are aimed at strengthening the resilience and efficiency of the country’s strategic agricultural commodity markets.
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