A summary of the latest halal food news from around the world.
Middle East and North Africa braces for Ukraine-Russia conflict linked wheat crisis
Following the outbreak of conflict between Ukraine and Russia, wheat prices on the Chicago Stock Exchange have soared to their highest prices in nine and a half years, Al Sharq Al Awsat reported, while in Europe a tonne of wheat is trading at around $384. The situation is particularly acute in conflict ravaged Yemen and Syria, and in financial crisis hit Lebanon. Egypt is highly dependent on both Russia and Ukraine for wheat, accounting for 50% and 30% of imports respectively, according to The National. In 2021, Egypt imported 11.6 million tonnes of wheat and produced 9.8 million tonnes, according to the UN Food and Agricultural Organisation. “Egypt has wheat reserves for at least four months, so we won’t have a problem for now, but there may be a problem after that,” Lamy Hamed, associate professor in the soil and water department at Cairo University’s Faculty of Agriculture, told The National.
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