Egypt’s food exports expected to decline 3% by end-2018

Food exports are expected to decline 3% by the end of this year, rather than grow 10% as was expected at the beginning of the year, head of Egypt’s Food Export Council Hani Berzi said. According to Berzi, the decline comes on the back of a two-year delay in the release of export subsidy payments, which has made it difficult for companies in the food industries sector to compete in foreign markets. A lack of stability in Arab markets has also negatively impacted Egyptian food exports, Berzi said.