Processed Food News
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Is Egypt's sugar crisis over?
Egypt has secured a significant import of 50,000 tons of raw sugar scheduled to arrive in February 2024.
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Egypt imports 50,000 tons of sugar amid price increase
GASC has imported 50,000 tons of raw sugar to be delivered in February 2024 amid an alarming price increase in the local market.
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Sugar Scarcity in Egypt Leads to 275% Price Hike: Minister Vows Resolution
Egyptians had to endure hours-long queues to acquire only two kilograms of sugar, and in some regions, the allocation is reduced to one kilogram.
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Egypt extends ban on sugar exports for three months
The Egyptian Ministry of Trade and Industry extended a three-month ban on exporting all types of sugar per the decree.
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Egypt's strategic sugar reserves cover 7.8 months: Supply Minister
Egypt’s strategic sugar reserves can cover local consumption needs for nearly 7.8 months, Minister of Supply and Internal Trade Ali Moselhi revealed.
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Egyptian PM calls for regular reports on sugar prices
This is following the Ministry of Supply's distribution of thousands of tons of sugar across various governorates.
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Egypt's sugar crisis: A timeline of challenges and interventions
In recent months, Egypt has struggled with a concerning sugar crisis that has caused widespread alarm among its citizens, learn about the details here
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Egypt's Supply Min. Advisor Arrested over Sugar Corruption Scandal
Administrative Control Authority uncovers a corruption network in the Ministry of Supply, headed by the Advisor to the Minister and includes 8 people.
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'Be patient, sugar crisis to be solved mid-December': Egypt's supply minister
Egypt's Minister of Supply and Internal Trade Ali Moselhi urged citizens to not buy kilograms of sugar for more than EGP 27.
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Egyptian gov’t gives merchants 10 days to adjust sugar prices: Supply Minister
Egypt's Minister of Supply and Internal Trade Ali Moselhi revealed on Sunday that merchants would be given a ten-day period to regulate prices.
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Egypt's Mercantile Exchange Chairman Reveals Price of Sugar in Market
The local market is witnessing significant increases in the price of a kilo of sugar, with it almost disappearing from food stores.
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Qatar’s Baladna is planning to invest USD 1.5 bn in Egypt’s dairy industry
The investment will establish a cattle farm with 20k cows with annual production capacity of 300 mn liters of milk.
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Top 10 processed food companies from Egypt
Egypt's processed food industry is the third-largest exporting sector, accounting for 14% of exports, 24.5% of GDP, and employing 7 million people.
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Nestlé to build new production lines in Egypt
The Swiss major operates three facilities in Egypt, producing brands like Maggi, Nesquik and Nescafé.
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Egypt’s Juhayna Food profit rises 25% in Q2 despite surge in debt
The food producer allocated EGP 223 million towards capital expenditure in H1 2023.
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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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Arab Dairy’s capital increase subscription covered by 98.56% in 1st phase: Egypt
Offering the uncovered shares for subscription is pending the Financial Regulatory Authority’s (FRA) approval.
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Qatar’s Baladna buys more shares in Egyptian dairy peer Juhayna
In almost two years, Baladna has built a shareholding in Juhayna of more than 15%. Its latest purchase was 600,000 shares on 26 June.
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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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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.