File - A tractor sorts through grain at a warehouse near the village of Moskovskoye, outside Stavropol in southern Russia, June 26, 2013. (REUTERS/Eduard Korniyenko)
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Egypt has resumed talks concerning the creation of a free trade zone with the customs union of Russia, Belarus and Kazakhstan, Egyptian and Russian officials said Wednesday.Egypt is already the largest importer of Russian wheat, buying one fifth of the country's exports of this commodity so far in 2013/14 .Officials did not provide any other details on how Russian wheat exports could be increased.It is unlikely that the countries will reach a major long-term wheat supply deal – a possibility the market has repeatedly speculated on, although there might be other ways to establish a deeper cooperation, a trader said.
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