Egypt wheat imports forecast higher in 2018-19 despite strong local production

EGYPT - Egypt’s wheat imports are projected to increase from 12.3 million tonnes to 12.5 million tonnes in the year 2018/19 despite strong local production forecasts, according to USDA’s Global Agricultural Information (GAIN) September report. Wheat consumption in 2018-19 is forecast at 20.1 million tonnes by the USDA, up 1.5% from the 2017-18 estimate of…

Agrana Nile Fruits inaugurates new production line in the Middle East and N. Africa

EGYPT - Agrana Nile Fruits, a food & beverages producer specialized in production of minced fruit without additives, has inaugurated a new production line for tailor-made beverage compounds, specifically targeting markets in the Middle East and North Africa. According to FoodingredientsFirst, the joint project with Austria Juice, a sister company of the Agrana Group, is…

FAO and EBRD hold workshops to tackle food security in Egypt

EGYPT - UN’s Food and Agriculture Organization (FAO) and the European Bank for Reconstruction and Development (EBRD) held two workshops in Cairo, Egypt on the grain market to address supply chain efficiency and national food security. The workshops held in collaboration with the Ministry of Agriculture and Land Reclamation, the Ministry of Supply and Internal…

Egypt drops Dubai-based wheat supplier as it approves 120,000T in imports

EGYPT - Egypt through the General Authority on Supply Commodities (GASC) announced on July 18 that it had removed one of its key grain traders, Dubai based AOS from the list of its key suppliers due to delays in wheat cargoes delivery. Reuters has reported the top wheat seller to Egypt had failed to deliver…

ADM and Cargill successfully complete the soybean joint venture in Egypt

EGYPT - Archer Daniels Midland Company and Cargill have successfully completed their transaction and formally launched SoyVenTM their new joint venture to provide soybean meal and oil for customers in Egypt. According to the company, SoyVen owns and operates the National Vegetable Oil Company soy crush facility in Borg Al-Arab, along with related commercial and…

Egypt to import milled, paddy rice to meet market demand

EGYPT - The government of Egypt has announced the decision to import milled and paddy rice to increase supply of the commodity as well as prevent potential price shock to consumers. A June 13 USDA report indicated that grain hoarding, which resulted in the decline in the volume of rice being offered to the country’s…

Edita Food Industries enters Morrocan snack food market in JV

EGYPT – Edita Food Industries, a leader in the Egyptian packaged snack food market has announced it will directly enter the Moroccan snack food market through a greenfield investment with Morocco’s Dislog Group. Edita signed a memorandum of understanding with the leading local distributor to form a joint venture, “Edita Food Industries – Morocco”, that…