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Africa
Ukraine war forcing grain traders to urgently adapt supplies

With grain shipments in the Black Sea becoming impossible, large and small suppliers of both millers and state agencies are having to adapt to meet their requirements. At the same time, prices are exploding, which may be a double-edged sword. [...]
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Commodity traders, Business

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Algeria's national cereals board, the OAIC, is the focus of major government spending and a key political tool for its bilateral relationship with France. The organisation is tasked with ensuring Algeria is supplied with wheat, despite the current high prices and the sometimes competing demands of millers, bakers and consumers.

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The logo of the Office algérien interprofessionnel des céréales (OAIC) on a silo in the port of Algiers.

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The Moscow-Kyiv crisis is leading to a drastic reduction in the volume of grain shipped from Black Sea ports. Fearing a Russian offensive, shipping companies are now refusing to make new commitments to traders. This situation particularly affects Algiers, which has been relying on supplies from this region to compensate for its halt in French purchases, but it is also of consequence to Egypt.

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Barley grain is mechanically poured into a 40,000 ton ship at a Ukrainian agricultural exporter's shipment terminal in the Black Sea port of Mykolaïv, in Ukraine.

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