Food News
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Egypt finances acquisition of local wheat by LE 44B
This action reflects Egypt's commitment to bolstering the agricultural sector and alleviating the burdens faced by farmers.
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Egypt rejects proposal to increase subsidized sugar prices
The government will not import sugar currently, the private sector will instead import 250,000 tons of sugar during the next three months, he said.
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Food Africa and pacprocess MEA 2024: A Convergence of Industry Giants to launch in December
With a legacy of successful editions, Food Africa and pacprocess MEA are gearing up for their most ambitious events yet.
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Egypt comes in 1st rank in fisheries in Africa
Minister of Agriculture al-Sayyed al-Qusair asserted that Egypt comes in the first rank in the field of fisheries in Africa and the 6th globally.
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Egypt’s NFSA, DRC’s FDA ink food safety agreement
This initiative follows the outcomes of the High-Level Forum of African Food Safety Authorities, organized by the NFSA in October 2023.
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Egypt's agricultural exports record 4.5M tons at $2.6B since Jan. 2024
The minister highlighted that the main exported crops are citrus (1,978,112 tons), potato (862,226), onion (96,2860), and green beans (82,333).
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Agriculture sector contributes about 15% to Egypt’s GDP
The minister emphasized the role of renewable energy in supporting efforts to reduce food losses while decreasing greenhouse gas emissions.
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Egypt to form committee to study bread production cost
The Ministry directed a study to determine production costs based on factors including bread type, fuel type, and the sector to which bakery belongs.
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10 thriving Egyptian brands amid boycott campaigns
As more Egyptians choose to buy local, several homegrown brands have seen significant growth, within the domestic market but also internationally.
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How Egypt emerged within a few years on the world carrot map
The Egyptian carrot season is progressing smoothly and expected to end later than usual. It's been a wonderful season, with high quality and quantity.
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Finance Minister defends 11% reduction of gov’t bread subsidy
More than LE130 billion are borne by the government during the fiscal year to provide wheat, whether from farmers or importers.
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Juhayna’s Q1 consolidated profit rises 41.01%YoY
Consolidated net profit after tax amounted to EGP 478.333 million in Q1 2024, compared to EGP 339.217 million in Q1 2022.
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Egypt Harvested Over 700,000 Wheat Feddan since April
The country allocated $59.69 million for a down-payment to state grain buyers to purchase wheat from local farmers.
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Egypt surpasses Spain and Morocco in Canadian orange market
In the first quarter of this year, Egypt's orange exports to Canada have already surpassed the total for all of 2023, establishing a new record.
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Why is Egypt raising the price of subsidized bread?
This move, although necessary for economic sustainability, carries considerable political risks given the historical sensitivity surrounding bread.
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Egypt gets cabinet approval for new private agricultural exports free zone
The first phase of the project is targeting an export volume of $200 million, which is expected to double once the second phase is completed.
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Egypt to increase prices of bread, electricity and petroleum products
He pointed out that the subsidy bill next year will increase to LE 636 billion, an increase of 20 percent over the current year.
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Egypt imports 750k ton of sugar to cover needs until February 2025
The Minister of Supply confirmed that there is a strategic balance for cooking oil that covers 6.2 months until November 28.
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Egypt considers importing wheat from 3 new markets
Talks with the three potential wheat exporters commenced in late 2023, the official said, expecting them to be among the 22 certified exporters.
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Egypt have to move bread prices but it will still largely be subsidized
Egypt have to move the prices of bread, an essential commodity that is heavily subsidised in one of the world's biggest wheat importers.