Egypt is in talks to buy 1 million tons of Russian wheat through a government-to-government deal, people familiar with the matter said.
The talks have taken place for delivery this season, said the people, who asked not to be identified as the information isn’t public. It’s not clear how close the two countries are to a deal.
Russia’s agriculture ministry didn’t respond to a request for comment.
Russia has had two bumper harvests in a row, reinforcing its position as the biggest wheat shipper. Still, some recent sales of Russian wheat to Egypt have been complicated by efforts to enforce an unofficial price floor for the country’s supplies.