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In late December 2015, the Egyptian Central Bank issued the first of a number of policy statements reflecting changes that restrict the transfer of funds abroad to pay for imported goods.
News on developments in agriculture and food in Egypt.
Post is revising Egypt’s MY2016/17 cotton PSD as the latest field surveys indicate a dramatic plunge in planted area of 50 percent to 50,000 ha from MY2015/16...
Egypt imposed an EGP 900 ($101.35) per metric ton tax on exported sugar effective May 18 until the end of 2016.
The Egyptian Ministry of Agriculture announced an effort to reclaim approximately 1.5 million acres (607,028 ha) of marginal or desert lands for agricultural use.
Manufacturers and trademark owners of specific retail products being shipped to Egypt are now required to register with the Egyptian Ministry of Industry and Trade.
Post forecasts total sugar production in MY2016/17 to increase by 3 percent or 60,000 MT to 2.185 MMT from MY2015/16’s 2.125 MMT.
Soybean imports are expected to reach 2.42 million metric tons (MMT), reflecting additional crush capacity, as well as strong soybean meal and oil demand.
News on developments in agriculture and food in Egypt.
Soybean imports are expected to reach 2.42 million metric tons (MMT), reflecting additional crush capacity, as well as strong soybean meal and oil demand.
Post forecasts total lint cotton production to increase by 23 percent to 395,000 bales in MY2016/17.
MY 2016/17 wheat imports are forecast at 11 million metric tons (MMT). MY2015/16 imports are revised downward to 10.6 MMT from USDA’s estimate of 11.5 MMT.