India and Egypt are in talks for a potential wheat-for-goods deal, Bloomberg reported. AdvertisementIndia and Egypt are reportedly in talks to exchange wheat for fertilizer amid the growing food supply crunch. For the potential deal, India would export wheat to Egypt and would get fertilizers and other products in return, Egyptian Supply Minister Aly El-Moselhy told Bloomberg. Egypt is one of the world's top wheat importers and faces a particularly dire situation — potential food shortages and social unrest. The country has also explored talks with the United Arab Emirates, European countries, and the US for ways to ease any potential food shortages, according to Bloomberg.

Source: Mint June 03, 2022 15:22 UTC