Pre-Trading Thoughts

Russia yesterday said it would withdraw from the grain export pact with Ukraine in a move that threatens to spark renewed volatility in global food prices. On the short-term, this will not have a significant impact on Egypt's wheat imports, since Egypt collected about 3.8 million tons of local wheat during the last season, which is enough for 6 months. Saudi renewable energy firm ACWA Power yesterday signed a land allocation preliminary agreement with the Electricity Ministry for its planned ...