Food News
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High demand for Egyptian strawberry plants
Fayruz Nurseries' volumes increased from 1.5 million mother plants produced last year to 2 million this year and 5 million fresh and frozen plants.
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New exchange offers Egypt another way to import wheat
With grain markets disrupted this year by fluctuating prices and the war in Ukraine, Egypt's GASC has been diversifying its purchasing methods.
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Mercantile exchange in Egypt to start operations with Russian wheat trading
Ibrahim Ashmaoui: "The emergence of a commodity exchange in Egypt will be a great addition to the country's trading system"
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World Future Council demands compensation of organic farmers
As healthy organic food is expensive in Egypt, World Future Council demands a compensation for organic farmers to sell goods at market prices.
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Irrigation Minister attends opening of Swedish Business Pavilion
The minister praised the support provided by the Swedish Development Cooperation Agency to Egypt and Africa.
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Egypt to require wheat suppliers to register in new exchange
GASC added in a letter sent to traders that it will not buy from unregistered suppliers from the start of November.
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Recent finance minister’s decisions to temporarily return goods to market
The facilities announced were for goods currently stored in Egyptian ports
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Egypt's agricultural exports reach 4.4 mln tons
Egypt’s agricultural exports reached 4.4 million tons from January till 24 August 2022, Minister of Agriculture El-Sayed El-Quseir announced.
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Oil prices won’t affect bread price
GASC reassures Egyptian citizens that it will bear the difference in the cost of bread, prices remain the same to consumers.
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Cost of imported wheat and oil burdens state’s budget
The prices of imported wheat and oil have hiked, which poses a burden on the state’s finances and budget, Minister of Finance Mohamed Maait said.
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Egypt exports 3.5 million tons of agricultural products
The numbers are between January and June. Citrus and potatoes are on the top of the exports list.
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India and Egypt in talks to exchange wheat for fertiliser
Egypt's supply minister said he met with the Indian ambassador to go over a possible deal for 500,000 tons of wheat.
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Egypt says government purchases exempted from India's wheat exports ban
India said it would still allow exports backed by letters of credit that were already issued, and sales to countries that request supplies.
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Egypt's food exports increase by 5% in 1Q of 2022
Exports of the Egyptian food industry increased by 5 percent in the first quarter of 2022, recording $1.04 billion against $996 million in 2021.
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Egypt to restore wheat supply to local bakeries
The Ministry of Supply and Internal Trade announced on Monday that it would reverse its decision to cut by 10 percent its supply of local wheat.
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The Food Lab, an Egyptian cloud kitchen provider, raises $4.5M pre-seed for expansion
Following two years of bootstrapping, the company has raised $4.5 million in pre-seed financing — its first venture round.
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Egypt approves India as wheat supplier
There is a sharp decline in availability of wheat in the global markets due to the ongoing conflict between Russia and Ukraine.
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ABE completes preparations ahead of wheat harvest season
The bank is also facilitating supply operations from farmers and receiving all wheat supplied from them.
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