Ukraine war, Red Sea attacks raise milling costs in Egypt, Saudi Arabia

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A study reveals that the Ukraine war and attacks in the Red Sea have increased milling costs in Egypt and Saudi Arabia by impacting wheat prices and disrupting shipping routes. Geopolitical risks are significantly affecting food supply chains in the region.

The cost of a loaf of bread is shaped not only by wheat prices, but also by wars, shipping routes, and the structure of food supply chains, according to a new study published in the Future Business Journal. The study examined how geopolitical risks affected value-chain costs in the milling industry in Egypt and Saudi […] The post Ukraine war, Red Sea attacks raise milling costs in Egypt, Saudi Arabia first appeared on Dailynewsegypt.