12:49 - 12.09.2023

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September 12, Fineko/abc.az. Israel has signed a grain agreement with Azerbaijan and Uzbekistan to form a first-of-its-kind regional wheat supply alliance with Muslim countries.

ABC.AZ reports that the agreement will guarantee all of Israel’s wheat needs against the backdrop of the global food crisis and the ongoing war in Ukraine. The deal is reportedly “long-term” and was developed due to Israel’s desire to diversify its sources of wheat.

Israel imports more than 90% of its wheat consumption annually, mostly for animal feed. The war in Ukraine, and even earlier, the economic consequences of COVID-19, have made it much more difficult for the Jewish state to import goods, leading to a sharp rise in commodity prices.

In exchange for wheat, Azerbaijan and Uzbekistan will receive advanced agricultural technologies from Israel.