Food News
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Egypt strikes deal to import 120,000 wheat tonnes
The deal is expected to supply Egypt with wheat until the beginning of October this year.
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Half of Egypt's farmers own less than 15% of agricultural land: report
According to a source from the ministry of agriculture, the decline in the farmer's share of land is the main reason for increasing poverty rates in the countryside.
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Supply Chain Officer needed for AlShaya Group
1-3 years' experience of International supply chain management are required.
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New Mondelez Egypt production-line investments are worth EGP 200 m: Managing director
The company has invested EGP 1bn during the last five years, Managing Director says.
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Egypt to launch new grain storage system next week: Minister
The government signed an agreement with Blumberg Grains in December to replace 93 local wheat barns with food security technology and systems at a cost of $28 million.
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Egypt's foodmaker Edita signs $12 mln contracts with Hostess Brands
CEO: Edita is targeting sales of more than 2.5 billion Egyptian pounds in 2015.
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Egypt's GASC buys 300,000 tonnes of wheat
Minister of Supplies had said stock of wheat is enough till the end of May.
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Egypt to prioritise Toshka, Minya and Western Desert in land reclamation project
Impoverished Upper Egypt will see the lion's share of land reclamation efforts as the government seeks to spur national development.
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Egypt supports sugar producers, may slap big tariff on imports
Prices for local cane sugar were increased from 360 Egyptian pounds ($47) a tonne to 400 pounds a tonne.
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Egypt’s government starts annual purchase of local wheat
The world’s largest wheat importer needs around 9.5 million tonnes of wheat to produce subsidised bread, the main staple food for Egyptians.
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London Stock Exchange welcomes Egypt’s Edita Food Industries
In addition to Edita there are a further ten Egyptian companies on London's markets with a combined market capitalisation of over $23bn.
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Egypt's Edita says public offering 4.5 times oversubscribed
Edita is one of the biggest food companies in Egypt.
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Egypt's Edita sets share price at 18.50 Egyptian pounds
Subscriptions for a separate domestic offering available only in Egypt will close at the end of the month.
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Quarter of Alexandria bakeries halt work over pay delay
Bakeries have not been paid money they were due to receive from the government in early March.
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Egypt's Pioneers beats Lactalis in bid to acquire Arab Dairy
Pioneers is set to buy a 60.19 percent share in Arab Dairy to raise its share in the company to 100 percent.
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Egypt GASC negotiates lower prices for tender in Egyptian pounds
Results for the tender, which GASC announced on Feb. 12 are expected Monday.
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Egypt buys 290,000 tonnes of American wheat: Minister
The latest purchase is expected to cover the country's needs until mid-May.
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Egypt's Qalaa considers sale of food businesses, sees 2015 profit
Qalaa is seeking to raise $300 million through divestments and considering selling Rashidi El-Mizan and Dina Farms.
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Egypt's Juhayna posts 48 pct net profit fall as costs rise
Sales rose to 3.7 billion pounds from 3.3 billion.
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Lactalis subsidiary tops rival bid for Egypt's Arab Dairy
The battle for control of Arab Dairy is part of a recent flurry of activity on Egypt's stock exchange.