Processed Food News
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Egypt's strategic sugar reserves cover 7.8 months: Supply Minister
Egypt’s strategic sugar reserves can cover local consumption needs for nearly 7.8 months, Minister of Supply and Internal Trade Ali Moselhi revealed.
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Egyptian PM calls for regular reports on sugar prices
This is following the Ministry of Supply's distribution of thousands of tons of sugar across various governorates.
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Egypt's sugar crisis: A timeline of challenges and interventions
In recent months, Egypt has struggled with a concerning sugar crisis that has caused widespread alarm among its citizens, learn about the details here
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Egypt's Supply Min. Advisor Arrested over Sugar Corruption Scandal
Administrative Control Authority uncovers a corruption network in the Ministry of Supply, headed by the Advisor to the Minister and includes 8 people.
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'Be patient, sugar crisis to be solved mid-December': Egypt's supply minister
Egypt's Minister of Supply and Internal Trade Ali Moselhi urged citizens to not buy kilograms of sugar for more than EGP 27.
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Egyptian gov’t gives merchants 10 days to adjust sugar prices: Supply Minister
Egypt's Minister of Supply and Internal Trade Ali Moselhi revealed on Sunday that merchants would be given a ten-day period to regulate prices.
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Egypt's Mercantile Exchange Chairman Reveals Price of Sugar in Market
The local market is witnessing significant increases in the price of a kilo of sugar, with it almost disappearing from food stores.
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Qatar’s Baladna is planning to invest USD 1.5 bn in Egypt’s dairy industry
The investment will establish a cattle farm with 20k cows with annual production capacity of 300 mn liters of milk.
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Top 10 processed food companies from Egypt
Egypt's processed food industry is the third-largest exporting sector, accounting for 14% of exports, 24.5% of GDP, and employing 7 million people.
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Nestlé to build new production lines in Egypt
The Swiss major operates three facilities in Egypt, producing brands like Maggi, Nesquik and Nescafé.
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Egypt’s Juhayna Food profit rises 25% in Q2 despite surge in debt
The food producer allocated EGP 223 million towards capital expenditure in H1 2023.
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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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Arab Dairy’s capital increase subscription covered by 98.56% in 1st phase: Egypt
Offering the uncovered shares for subscription is pending the Financial Regulatory Authority’s (FRA) approval.
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Qatar’s Baladna buys more shares in Egyptian dairy peer Juhayna
In almost two years, Baladna has built a shareholding in Juhayna of more than 15%. Its latest purchase was 600,000 shares on 26 June.
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Edita Food Industries acquires 100% of Fancy Foods
Local snack manufacturer, Edita Food Industries acquires Fancy Foods, expanding its offering to fresh and ready-to-bake pastry products.
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Positive expectations for food industries in 2023
In spite of the unfavorable conditions, food companies have succeeded in recording significant growth rates over the past year.
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Egypt: Domty discloses dividends payment date for 2022
The cash dividends will be paid on May 14th, with the eligibility in distribution to shareholders until May 9th’s trading session.
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Egypt exported a record volume of potatoes to Southeast Asia in 2022
Indonesia remained the main destination for their supply, and exports more than doubled last year.
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Talabat and Coca Cola deepen ties to support local businesses
Coca-Cola will also invest through talabat to utilize in-app marketing tools for heightened partner visibility and traction.
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Obour Land posts 31.85% YoY growth in 2022 consolidated profit
At the level of the standalone financial statement, the company recorded a standalone net profit after tax of EGP 462.69 million in 2022.