Food News
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Egypt might flood the global dates market within the next five years
Egypt is gearing up to boost exports of dates and to take the crown of the largest global exporter away from the current leader Israel.
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Edita Food Industries acquires 100% of Fancy Foods
Local snack manufacturer, Edita Food Industries acquires Fancy Foods, expanding its offering to fresh and ready-to-bake pastry products.
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Egypt procures 3 mln T of local wheat so far - government official
Egypt, one of the world's biggest wheat importers, has sufficient strategic wheat reserves until the end of November, Kamal Hashem told Reuters.
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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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Economic crisis in Egypt pounding its tilapia, fishmeal industries
An ongoing economic crisis in Egypt is shaking the country's seafood sector, as it faces historic currency devaluation.
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Foodico’s net profit soars 88% YoY in Q1
Foodico is an Egypt-based public shareholding company engaged in the food industry.
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Sharkia National Food switches to profits in Q1
Sharkia National Food's main activities include feed manufacture and fattening cattle.
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Spring flowers show opened at agriculture museum
A host of ambassadors along with leaderships from the agriculture ministry and Giza governorate attended the inauguration.
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New fees under Egypt’s resource development law do not apply to commodities
Approved amendments to the income tax law include increasing tax exemption limit by 50 percent to LE 36,000 annually.
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Egypt's Fish Production Increases by 1.7% in 2021: CAPMAS
Fish farms ranked first in terms of production, with a rate of 78.4%, followed by production in lakes by 12.8%, marine production by 4.8%.
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Saudi Arabia leads in imports of Egyptian grapes in 2022
Growing exports of table grapes from Egypt were one of the main reasons for the rise in Saudi Arabia’s total imports of these fruits.
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Egypt’s strategic wheat reserves at 5.9 months
Egypt has strategic reserves of wheat sufficient for 5.9 months.
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Bühler commissions first tahini halva processing line at silo foods industries in North Africa
The tahini halva line is part of the second stage at Silo Foods Industries, which was officially opened by Egyptian President.
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Egypt secures $66 mln from EU, AFD to expand wheat storage
The European Union and French Development Agency (AFD) are set to provide Egypt with a €60 million ($66 million) credit facility to build more silos.
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Egypt to import 170,000 cattle, sheep for Eid Al-Adha amid soaring meat prices
Al-Qusair added that the Egyptian government is working to release fodder for cattle and poultry in ports to lower their prices in the market.
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Egypt's agriculture exports rise 17.2 percent in 5 months
Egypt's agriculture exports increased to 3.4 million tons during the period from January until 17 May, a 17.2% increase over the same period in 2022.
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Positive expectations for food industries in 2023
In spite of the unfavorable conditions, food companies have succeeded in recording significant growth rates over the past year.
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CAPMAS: 17.1% Increase in Amount of Bird & Poultry Meat
The total number of livestock and animal (cow - buffalo -Sheep - goat - camel) reached 7.5million2021versus7.0 million in 2020, an increase of by 7.3%
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Corn import bill increases to $1.5bn monthly: Poultry Association
The poultry industry in Egypt consumes 500,000 tonnes of corn per month, approximately 6 million tonnes per year.
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Egypt: Mopco posts $127.2mln standalone net profit in Q1-23
Last year, the standalone net profits after tax of Mopco enlarged by 148%.