Confectionary News
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South Cairo and Giza Mills turns profitable in FY2022/23
Revenues hit EGP 241.287 million in FY 2022/2023, up 128% from EGP 188.029 million in the prior FY.
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Top 10 Egyptian FMCG companies
Arma, Beyty, Domty, or Edita are only some of the various FMCG brands from Egypt. The focus of local FMCG products is on food and beverages.
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Al-Moselhi:Ministry of Supply Bought 3.6 Million Tons of Local –produced Wheat
He indicated that the country's reserves of wheat are sufficient for consumption for a period of up to 6 months.
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Egypt’s annual average wheat imports in 5 years total US$ 2.7 billion
The average annual wheat imports from Russia over five years amounted to $1.5 billion.
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Egypt establishes huge warehouses for wheat crops
Before the launch of the national silos project, the state incurred losses of about LE10 billion annually due to the quantitative and qualitative loss
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Egypt procures more than 1.6 mln tonnes of wheat so far this season
Egypt has procured more than 1.6 million tonnes of local wheat so far this season, an agriculture ministry official told Reuters on Wednesday.
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Egypt: South Cairo and Giza Mills switches to profitability in 9 months
They are engaged in the processing, trading, importing and exporting, packaging, warehousing, and distributing of grains.
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Gov't Denies Intention to Raise Subsidized Bread Price Next Month
The gov stressed continuation of disbursing the subsidized loaf of bread to citizens on ration cards with only 5 piastres without any increase.
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Morocco Remains Largest Importer of Wheat from EU
In third place is Nigeria with 2.2 million tonnes of wheat, and Egypt with 1.6 million tonnes.
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EU wheat hits new 19-month lows after CBOT fall, low Egypt offer
Pressured by low offers at Egypt's import tender with uncertainty prevailing on what to expect from a meeting to discuss the Black Sea grain export.
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Russian wheat cheapest on C&F basis in Egypt tender
The cheapest free on board offer was $272 per tonne for 60,000 tonnes of Ukrainian wheat, presented by Viterra.
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Egypt's GASC buys 600,000 tonnes of Russian wheat in tender
The purchase comprised of 300,000 tonnes for shipment between May 10-20 and 300,000 tonnes for shipment between May 21-31, GASC said.
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Egypt wheat imports expected to rise
The report said Egypt’s wheat production is projected to remain unchanged at 9.8 million tonnes in 2023-24.
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Egypt Purchases 120,000 Tonnes of Ukrainian Wheat
The General Authority for Supply Commodities (GASC) contracted on behalf of the Ministry of Supply and Internal Trade, through an international tender
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France second largest country exporting wheat to Egypt
Egyptians consume almost 100 billion loaves of bread annually, made with around 18 million tons of wheat, according to government officials.
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Egypt’s grain imports from Russia reach $334.3 mln in November 2022
Egypt’s imports of Russian grain topped the list of Egypt’s imports from Russia during November 2022, it added.
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Egypt aims to produce 70% of wheat locally by 2030
Egypt succeeded in increasing the land cultivated with wheat to 3,650,000 feddans in 2023, with an annual increase of 250,000 feddans.
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Strategic wheat reserve sufficient for 4.6 months: Supply min
Rice reserves are enough for the Egyptian market consumption, noting that rice mills are being reviewed in order to control prices at markets.
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Egypt to receive 240,000 tonnes of Russian wheat next April
The wheat amount, which is expected to arrive in Egypt next April, is funded by the World Bank.
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Egypt can’t achieve self-sufficiency in wheat
This came from the head of the Agriculture and Water Resources Committee in the Egyptian Senate Abdel-Salam el-Gabaly.