Food exports to Europe rise 21%

The Food Export Council (FEC) said food exports to Europe rose 21% to USD 235 mn in the first eight months of the year as compared to the same period last year, Executive Director of the council Manar Nasr told Al Shorouk. The EU accounts for 12.5% of food exports, with Germany picking up the lion's share of USD 45 mn. Nasr added that the growth comes on the back of cheaper prices after the float.