Business · Trade · 9 hrs ago
Russia sees prospects for grain hub in Egypt's Alexandria
Russia is exploring a grain hub in Alexandria, Egypt, where a Russian trader already operates.
Egypt has also suggested a different location, and partners are working out the economic details.
Russia says it will continue discussions because the project interests it.
The talks come as logistical constraints in the Azov-Black Sea Basin have reduced Russian grain shipments to Egypt.
Russia delivered 1.6 million metric tons at the start of this season, compared with 3.5 million metric tons last year.
A hub could support grain trade between Russia and Egypt, but the location and economic terms are still under consideration.
The next step is continued talks while the partners assess the proposed sites.
Russia sees potential to develop a grain hub in Alexandria, Egypt, Agriculture Minister Oksana Lut said.
A Russian trader is already working at a site in Alexandria, where a partnership is in place.
Egyptian partners have proposed an alternative site, and counterparties are calculating its economic parameters.
Russia reduced grain supplies to Egypt because of logistical constraints in the Azov-Black Sea Basin.
Russia delivered 1.6 million metric tons of grain to Egypt during the start of the season, compared with 3.5 million metric tons last year.
- Who
- Russia's Agriculture Ministry and Egyptian partners are discussing the grain hub. Agriculture Minister Oksana Lut described the plans.
- What
- Russia sees prospects for a grain hub in Alexandria and is assessing a proposed alternative site.
- When
- Lut made the comments on October 28, 2026.
- Where
- Alexandria, Egypt; the Egyptian side also proposed a site in a different place.
- Why
- Russia is interested in developing the hub. Lut said logistical constraints in the Azov-Black Sea Basin had reduced grain supplies to Egypt.
This story does not have two clearly opposing sides.
Russia delivered 3.5 million metric tons of grain to Egypt.
Russia delivered 1.6 million metric tons of grain to Egypt.
Lut said Russia saw prospects for a grain hub in Alexandria and that counterparties were calculating the economic parameters of an alternative site.
- Current site
- Alexandria, Egypt
- Russian trader
- One is already working at the Alexandria site
- Alternative location
- Proposed by the Egyptian side; economic parameters are being calculated
- Grain deliveries at the start of the season
- 1.6 million metric tons
- Grain deliveries last year
- 3.5 million metric tons
What people are saying
We already have a site in Alexandria, where one of our traders is working, where the partnership is in place.
We will certainly continue the dialogue because it is interesting for us.
Considering transportation constraints in the Azov-Black Sea Basin as regards logistics, we certainly started supplying less grain to Egypt.