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FAS/Cairo revises its Egypt cotton forecast for market year 2021/22, accounting for a rise in area harvested and production.
The National Food Safety Authority continues to develop standards and procedures regulating food safety in Egypt.
For a decade, trade of beef and beef products to Egypt have been very disrupted.
On June 15th, Egypt postponed its launch of the Advanced Clearance Information system (ACI). The Minister of Finance pushed the 1st of July deadline of full implementation of the new system to October 1st, 2021 citing the delay had been requested by several companies and diplomatic missions.
In the first quarter of 2021, U.S. soybean exports reached the second-highest value ever at $7.7 billion, nearly double the same period last year.
Egypt imported some $3.2 billion worth of consumer-oriented products in 2020. This is a 3 percent increase of the 2019 imports value of $3.1 billion.
Amid major challenges within Egypt’s water sector, the Egyptian parliament approved a new water resources and irrigation law to curb illegal rice cultivation.
Egypt and Algeria are two of North Africa’s most rapidly growing markets for the food and beverage (F&B) processing and manufacturing sectors.
Egypt’s food and beverage manufacturing and processing sector suffered about $2.2 million (about a 10 percent decrease in sales) due to diminished tourism as a result of the COVID-19 pandemic.
The Office of Agriculture Affairs (Post) forecasts refined sugar production in marketing year (MY) 2021/22 to increase by approximately 2.6 percent or 75,000 metric tons (MT) to reach 2.85 million metric tons (MMT).
Marketing year 2019/20 was another record year for U.S.-origin soybean exports to Egypt.
In market year (MY) 2021/22, cotton area harvested is forecast to increase seven percent to 70,000 hectares (ha), from 65,000 ha in MY 2020/21.