{"id":547130,"date":"2022-06-09T04:17:47","date_gmt":"2022-06-09T04:17:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/09\/of-export-bans-and-self-reliance\/"},"modified":"2022-06-09T04:17:47","modified_gmt":"2022-06-09T04:17:47","slug":"of-export-bans-and-self-reliance","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/06\/09\/of-export-bans-and-self-reliance\/","title":{"rendered":"Of export bans and self reliance"},"content":{"rendered":"

<\/a> No staple food exports for another three months as we look to raise local harvests:<\/strong> The Trade Ministry has extended by three months its March<\/a> ban on exports of wheat, flour, corn, lentils, pasta, fava beans, and vegetable oils, the state-owned MENA news agency<\/a> reports.<\/p>\n

Exports of any \u201cexcess\u201d supplies of the listed goods could go ahead<\/strong> following Trade Ministry approval, according to the decision.<\/p>\n

This comes as t<\/strong>he Agriculture Ministry wants local wheat production to account for<\/strong> 65% of our annual consumption needs by 202<\/strong>5<\/strong>, Agriculture Minister El Sayed El Quseir said at a press conference yesterday following the Madbouly cabinet\u2019s weekly meeting. This confirms the target announced earlier<\/a> by Planning Minister Hala El Said.<\/p>\n

More incentives for farmers?<\/strong> El Quseir said that the government would introduce fresh incentives next harvest season, without specifying what they could be. \u201cDue to the global commodity supply crunch the Russia-Ukraine war caused, the government is focusing on providing local wheat farmers with the necessary incentives and facilities to increase wheat cultivation areas and crop yields,\u201d he said.<\/p>\n

Cheaper fertilizer is in the frame: <\/strong>Cabinet spokesperson Nader Saad had previously said<\/a> that wheat farmers could be getting some help with new subsidized fertilizer prices, after people in the industry said that the surging price of fertilizers is one of the key impediments for Egyptian farmers.<\/p>\n

Land reclamation is also a key focus:<\/strong> \u201cWe plan to reclaim large parts of the North Sinai desert for wheat cultivation, and will soon announce details on a North and Middle Sinai agricultural development project,\u201d El Quseir said. President Abdel Fattah El Sisi also recently inaugurated<\/a> a 1.5 mn feddan land reclamation project in the New Delta, dubbed Egypt\u2019s Future, which will be used to grow wheat, corn, and other crops.<\/p>\n

Wheat isn\u2019t the only commodity whose supply we\u2019re localizing:<\/strong> Egypt has already reached self-sufficiency in vegetable, cheese, milk, and poultry production, and \u201cwe\u2019re about to achieve sugar self-sufficiency,\u201d the minister said.<\/p>\n

Refresher:<\/strong> The export ban on key staples as well as our drive to shore up local production comes as part of measures to shore up supplies after Russia\u2019s invasion of Ukraine threw global food markets into turmoil. This comes as the government is raising local wheat prices by 22% as part of a raft of measures<\/a> to incentivize farmers to increase production. It also introduced a minimum selling quota to the state and tightened restrictions on sales to non-state actors.<\/p>\n

HARVEST SEASON UPDATE- <\/strong><\/p>\n

The Madbouly government has so far procured 3.7 mn tons of local wheat<\/strong> out of its total 6 mn-tonne target since the start of the harvest season, El Quseir said. The harvest season ends in August. \u201c<\/strong>This is a good harvest and we\u2019re still going to receive more before the end of the season,\u201d he said.<\/p>\n

No major change in reserves: <\/strong>Our wheat reserves are sufficient to last till the end of the year, a Supply Ministry official told Reuters<\/a> yesterday, nearly two weeks after Supply Minister Ali El Moselhy said our reserves<\/a> would last until January 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"

No staple food exports for another three months as we look to raise local harvests: The Trade Ministry has extended by three months its March ban on exports of wheat, flour, corn, lentils, pasta, fava beans, and vegetable oils, the state-owned MENA news agency reports. Exports of any \u201cexcess\u201d supplies of the listed goods could […]<\/p>\n","protected":false},"author":1,"featured_media":547131,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7305],"tags":[97,902,317,2022,72,563],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-547130","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commodities","tag-agriculture","tag-agriculture-ministry","tag-commodities","tag-el-sayed-el-quseir","tag-enterpriseam","tag-wheat","wpautop","entry"],"acf":{"mongo_id":"065204a9-fed6-4be9-8ae3-25897092105c","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/6\/210.jpg","photo_position":"above","related_issue":[547124],"teaser":"","voice_url":""},"yoast_head":"\nOf export bans and self reliance - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/06\/09\/of-export-bans-and-self-reliance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Of export bans and self reliance\" \/>\n<meta property=\"og:description\" content=\"No staple food exports for another three months as we look to raise local harvests: The Trade Ministry has extended by three months its March ban on exports of wheat, flour, corn, lentils, pasta, fava beans, and vegetable oils, the state-owned MENA news agency reports. 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Elsewhere, the talking heads were talking about moves to maximize this year\u2019s wheat harvest.Will gov\u2019t up its wheat purchase price?\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/171.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561584,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/egypts-cotton-exports-to-grow-14-this-marketing-year\/","url_meta":{"origin":547130,"position":1},"title":"Egypt's cotton exports to grow 14% this marketing year","author":"enterpriseam admin","date":"13 April 2021","format":false,"excerpt":"Low cotton prices are expected to drive a 14% y-o-y growth of Egypt\u2019s exports to 250k bales in the 2020-2021 marketing year, according to a report (pdf) by the US Department of Agriculture\u2019s Cairo office.India and Pakistan are expected to remain top importers of Egyptian cotton during the marketing year,\u2026","rel":"","context":"In "BASIC COMMODITIES"","block_context":{"text":"BASIC COMMODITIES","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":544895,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/03\/27\/no-intl-wheat-tenders-before-mid-may-el-moselhy\/","url_meta":{"origin":547130,"position":2},"title":"No int\u2019l wheat tenders before mid-May, -El Moselhy","author":"enterpriseam admin","date":"27 March 2022","format":false,"excerpt":"Egypt won\u2019t be tapping the international wheat market with new tenders before the middle of May after having received all its backlogged orders of Russian wheat, Supply Minister Ali El Moselhy said Thursday, Bloomberg and Reuters report. The government is focusing for now on the local harvest, which begins at\u2026","rel":"","context":"In "Commodities"","block_context":{"text":"Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/3\/358.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572508,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/28\/egypts-agricultural-exports-down-slightly-in-1h2020-despite-slowdown-in-global-trade\/","url_meta":{"origin":547130,"position":3},"title":"Egypt\u2019s agricultural exports down slightly in 1H2020 despite slowdown in global trade","author":"enterpriseam admin","date":"28 June 2020","format":false,"excerpt":"Egypt\u2019s agricultural exports dip slightly in 1H2020: Egypt exported 3.47 mn tonnes of fruits and vegetables since the beginning of 2020, down fractionally from the 3.7 mn tonnes Egypt exported in 1H2019, despite the covid-19 pandemic taking a toll on the volume of global trade, Agriculture Minister El Sayed El\u2026","rel":"","context":"In "Diplomacy + Foreign Trade"","block_context":{"text":"Diplomacy + Foreign Trade","link":"https:\/\/enterpriseam.com\/egypt\/category\/diplomacy-foreign-trade\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549137,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/05\/commodities-customs-and-currency-were-discussed-on-the-airwaves-last-night\/","url_meta":{"origin":547130,"position":4},"title":"Commodities, customs and currency were discussed on the airwaves last night","author":"enterpriseam admin","date":"5 September 2022","format":false,"excerpt":"There was no specific topic dominating airwaves yesterday, with talking heads discussing the commodities front, a much-needed relief for importers and others.Supply Minister Ali El Moselhy was on Al Kahera W El Nas\u2019s Hadith El Qahera delivering a mix or reassurance and alarmism: \u201cThis is the worst global crisis since\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623549,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/06\/the-supply-ministry-wants-less-imported-wheat-and-more-local-wheat-plus-news-from-hsbc-and-mountain-view\/","url_meta":{"origin":547130,"position":5},"title":"The Supply Ministry wants less imported wheat and more local wheat. PLUS: News from HSBC and Mountain View","author":"enterpriseam admin","date":"6 June 2024","format":false,"excerpt":"The government is paying farmers EGP 2k per ardeb of wheat this harvest season","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/4\/660.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547130","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=547130"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/547130\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/547124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/547131"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=547130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=547130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=547130"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=547130"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=547130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}