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Fayoum, Beni Suef to experiment with auction mechanism for Egypt’s short staple cotton crops
The government will begin using public auctions on a trial basis in Fayoum and Beni Suef to sell local short…
Basic materials
Egypt secures USD 14 mn loan from OFID to set up wheat silos
Investment Minister Sahar Nasr signed yesterday a USD 14 mn loan agreement with OPEC Fund for International Development (OFID) CEO…
Sugar crop production rises 320k tonnes y-o-y to hit record levels
Egypt produces a record 2.48 mn tonnes of sugar crop this season, marking an increase of some 320,500 tonnes y-o-y,…
Is the government about to step in to resolve Egypt’s cement market glut?
Is the government about to step in to resolve the cement market glut? Prime Minister Moustafa Madbouly held a meeting…
Sugar imports down 10.2% in 1H2019, frozen meat imports up 11.5%
Egypt’s sugar imports declined by 10.2% y-o-y in 1H2019 to 116.4k tonnes, compared to 129.5k tonnes during the same period…
Centamin raises Sukari gold mine output to 234k ounces in 1H2019
Centamin’s Sukari gold mine produced 117,913 ounces of gold in 2Q2019, bringing production in 1H2019 up to 234,096 ounces, the…
Egyptian onions could see falling price crisis in Saudi as exporters use middlemen
Egyptian onions are being dumped in the Saudi market as a result of exporters relying on middlemen to bring onions…
Gov’t to purchase 75-80k tonnes from sugar producers to clear market oversupply
The Supply Ministry could purchase between 75-80k tonnes of sugar from sugar beet producers to help them clear off stacked…
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