Confectionary News
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Egypt procures 750,000 MT in local wheat harvest so far
It aims to procure a total of 3.5 million metric tonnes this season, which began on April 15.
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Supply Minister Issues Decision Regulating Bread Prices
The Minister of Supply Ali Al-Moselhi issued a ministerial resolution regulating the prices of free-range bread and baguette bread "fino".
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Flour cost reduction fails to lower bread prices in Egypt
Several bakers in Cairo are not following the government's warning, and are instead basing their prices on the market, setting up a potential showdown
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Egypt to allocate $2.66bln for bread subsidies in FY 2024/2025 budget
A finance ministry statement said on Tuesday citing Finance Minister Mohamed Mait.
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Decline in Flour & Feed Grain Prices in Egypt
Flour prices in the Egyptian markets also saw a decrease of about 200 pounds per ton.
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Egypt buys nearly half a million tons of Russian wheat in private deal
(GASC) bought about 480,000 metric tons of Russian wheat from trading firm Solaris on Friday.
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GASC Egypt secures 235,000 tons of Russian wheat
175,000 tons, is set to arrive in Egypt around September 15 to 30, followed by the second batch, 60,000 tons, which is scheduled for October 1 to 15.
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Egypt to import 360,000 tons of wheat to maintain strategic reserves
Egypt's General Authority For Supply Commodities (GASC) has sealed a deal to import 360,000 tons of wheat.
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Middle Egypt Flour Mills’ profits surge 11.25% YoY in FY2022/23
Middle Egypt Flour Mills is an EGX-listed company engaged in the manufacture, trade, import, export, packaging, warehousing, and distribution of grain
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Sisi calls for ending rise in grain prices at Russia-Africa summit
He also stressed the importance of taking into account the needs of developing countries, especially in Africa.
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Egypt in talks with UAE to secure $ 500 mln for its wheat imports: Minister
Egypt is currently in talks with the United Arab Emirates to secure a total of $500 million in funding to import wheat.
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Egypt procured 3.8 mln T of wheat in local harvest so far
The supply minister added that Egypt has strategic reserves of vegetable oils for at least four months.
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South Cairo and Giza Mills turns profitable in FY2022/23
Revenues hit EGP 241.287 million in FY 2022/2023, up 128% from EGP 188.029 million in the prior FY.
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Top 10 Egyptian FMCG companies
Arma, Beyty, Domty, or Edita are only some of the various FMCG brands from Egypt. The focus of local FMCG products is on food and beverages.
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Al-Moselhi:Ministry of Supply Bought 3.6 Million Tons of Local –produced Wheat
He indicated that the country's reserves of wheat are sufficient for consumption for a period of up to 6 months.
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Egypt’s annual average wheat imports in 5 years total US$ 2.7 billion
The average annual wheat imports from Russia over five years amounted to $1.5 billion.
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Egypt establishes huge warehouses for wheat crops
Before the launch of the national silos project, the state incurred losses of about LE10 billion annually due to the quantitative and qualitative loss
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Egypt procures more than 1.6 mln tonnes of wheat so far this season
Egypt has procured more than 1.6 million tonnes of local wheat so far this season, an agriculture ministry official told Reuters on Wednesday.
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Egypt: South Cairo and Giza Mills switches to profitability in 9 months
They are engaged in the processing, trading, importing and exporting, packaging, warehousing, and distributing of grains.
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Gov't Denies Intention to Raise Subsidized Bread Price Next Month
The gov stressed continuation of disbursing the subsidized loaf of bread to citizens on ration cards with only 5 piastres without any increase.