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Posts Tagged ‘Agriculture’

Paving The road in Agribusiness in Egypt.

W ith a growing population of more than 80mn, Egypt represents one of the largest markets in the region, agriculture contributes to around 13% of Egypt’s GDP in 2012/2013.

Egypt  remains  the  world’s  largest  wheat  importer,  and  moderating  global  prices  will  help  to decrease pressure on the country’s fiscal situation and on local inflation. In line with this, Egypt ramped up wheat imports at the end of 2013 as prices moderated sharply and as Russia, which traditionally​  supplies  the  country  at  very  competitive  prices,  returned  to  export  markets.  the lifting of the three-year ban on rice exports as providing a boost to the local industry. The sugar industry is benefiting from a tight local market and higher domestic prices.​
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