Ukraine to halve grain exports, Egypt seeks suppliers
Ukraine will halve its 2010 grain exports, adding pressure to markets already grappling with Russia's drought-induced grain export ban, while the world's top wheat buyer Egypt remains set on importing 6 million tonnes.
Egypt, which had previously depended on Black Sea supply for some 63 percent of its imports, says it has already replaced most of the wheat it was unable to buy after Russia's ban and is spreading the net wider to find other supplies. (Reuters)
