EGP float bearing fruit in agricultural exports

Demand for Egyptian agricultural exports is rising: Demand is up and new markets are opening for agricultural exports four months after the EGP float, writes Reuters’ Arwa Gaballa. "Demand has doubled, with every product gaining one or two markets," says Mostafa al-Naggari, chairman of Fresh Fruit Co. Exporter PICO Modern Agriculture Co also says demand from the GCC has risen 50% in the past two months. Exports should rise about 15% this year above the USD 2.2 bn figure recorder in 2016, says Abdel Hamid Al-Demerdash, head of the Agriculture Exports Council.