Quaroni explained that $75 million was allocated for a program to develop six advanced technological silos for storing grain in Egypt.
He pointed out that the meeting of Arab agricultural ministers is discussing ways to activate joint Arab agricultural action.
Egypt's Ministry of Trade and Industry announced on Saturday that the Cabinet's decision to ban onion exports.
Egyptian onion exports that were thriving all over have been ousted from the European markets due to the recent recovery of domestic production. Declining supply worldwide had favored exports, which have now exceeded 324 thousand tons.
Egypt is in talks with an Abu Dhabi-based bank for a loan facility that would finance wheat purchases from Kazakhstan, three traders told Reuters.
This came after Russia halted supplying wheat, objecting to the pricing of a mega-deal, the sources added.
Egypt has reclaimed its status as the top mango exporter to Saudi Arabia in 2022, setting a new record in shipments and maintaining high export levels in H1.
GASC said on Wednesday it bought 120,000 metric tons of Romanian wheat in an international tender.
The EGX-listed firm will use the proceeds of the facility to finance 50% of the acquisition amount related to Fancy Foods.
The Egyptian cabinet announced in a statement that the Ministry of Supply and Internal Trade purchased 3.8 million tons of wheat from local farmers.
Egypt signed a memorandum of understanding (MoU) with China to open the Chinese market to Egyptian mangoes.
The loan will provide approximately 15 percent of its total annual needs in order to support the company to diversify its financing sources.
The vessels will deliver the wheat to Egypt and Israel, according to Ukraine's agricultural ministry.
From January to July 2023, Egypt exported a record high of 9,100 tonnes of frozen strawberries to the US.
Since 2012 the EBRD has invested €10.4 billion in 167 projects in Egypt, with almost 57 per cent of its portfolio in private sector projects.
The Egyptian pomegranate campaign starts soon, with yields lower than last season, Egypt's usual export volumes are around 250 thousand tonnes.
Egypt is the world's largest exporter of citrus fruits. Egyptian citrus exports surged by 21% in 2023, reaching 1.6 mio tonnes valued at USD 976 mio.
The cost of annual food subsidies in Egypt has reached EGP 127.7 billion ($4.13 billion) for the fiscal year (FY) 2023/2024.
El-Quseir reviewed the development witnessed by the agricultural sector in Egypt during the past ten years.
The new investments would be used to restart factories and develop production lines in Gamasa Industrial City and Sadat City: Ahmed Hammouda