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Agribusiness / Food in Egypt

  • ‘Betting on Africa to Feed the World’ – AfDB president Adesina

    BOTSWANA, 2017/10/17 The president of the African Development Bank, Akinwumi Adesina, will deliver the Norman Borlaug Lecture on Monday 16 October as part of the World Food Prize events taking place from October 16 to 20, 2017 in Des Moines, Iowa, USA. The Norman Borlaug Lecture under the title: “Betting on Africa to Feed the World”, will be held on World Food Day, October 16, in conjunction with the annual World Food Prize celebration.
  • Africa: How to Adapt to Beat Crippling Droughts

    BOTSWANA, 2017/07/17 Right presently, 14 million people across southern Africa face going hungry due to the prolonged drought brought on by the strongest El Niño in 50 years. South Africa will import half of its maize and in Zimbabwe as a lot of as 75 % of crops have been abandoned in the worst-hit areas. With extreme weather, such as failed rains, and drought projected to become additional likely as a result of climate change, some farmers are by presently taking matters into their own hands, and pro-actively diversifying the crops they grow.
  • Africa And Middle East Famines: How China Can Do More

    CHINA, 2017/07/09 The unprecedented outbreak of famine early this year in Africa and the Middle East can be traced to conflict as the root cause. Can China step in to help mitigate the calamity through its Belt and Road initiative? Famine broke out in South Sudan in March 2017. At around the same time, the United Nations announced that Nigeria, Somalia and Yemen were as well on the verge of being hit by long draught, putting around 20 million at risk of starvation. The UN described this as an unprecedented humanitarian crisis and appealed to the international community to donate US$4.4 billion — with little success.
  • Africa: Factbox-World's Major Famines of the Last 100 Years

    BOTSWANA, 2017/03/12 People are currently starving to death in four nations, and 20 million lives are at risk in the next six months The U.N. children's agency UNICEF said on Tuesday nearly 1.4 million children were at "imminent risk" of death in famines in Nigeria, Somalia, South Sudan and Yemen. Famine was formally declared on Monday in parts of South Sudan, which has been mired in civil war since 2013. People are by presently starving to death in all four nations, and the World Food Programme says additional than 20 million lives are at risk in the next six months. The United Nations defines famine as at the same time as at least 20 % of households in an area face extreme food shortages, acute malnutrition rates exceed 30 %, and two or additional people per 10,000 are dying per day.
  • Egypt rejects Canadian wheat cargo again over fungus fears

    EGYPT, 2016/04/16 Egypt rejected a cargo of Canadian wheat for a second time due to a dispute over the level of ergot fungus, deepening a standoff with traders presently reluctant to sell the grain to the world’s major importer. Quarantine officials at the Ministry of Agriculture turned away the 8,000-metric-ton cargo again next a initial rejection before this month, according to a Cairo-based trader familiar with the matter who asked not to be identified as the data isn’t public. The supplies met the acceptable levels of ergot, a naturally occurring fungus, the trader said.
  • Egypt to ban rice exports amid hoarding

    EGYPT, 2016/04/04 Egypt will ban rice exports in its effort to end a surge in prices half driven by local traders hoarding the grain. The ban, effective April 4, will help “achieve stability in rice prices for consumers,” the ministry of trade said in an e-mailed statement on Thursday. The decree comes just days before the government’s grain purchaser seeks to buy rice in an international tender on Saturday. Even as Egypt produces a surplus of the grain, the country has been hit by local traders holding back supplies to try to push up prices.
  • Positive signals for Egypt’s FMCG sector

    EGYPT, 2015/12/27 In a year marked by major acquisitions, Egypt’s food manufacturing industry is preparing for a round of new listings, as companies look to finance their expansion plans on the back of a additional favourable outlook. Major market moves Late September brought news that US-based food manufacturer Kellogg Company had acquired Egypt’s major cereal producer, family-owned Mass Food Group, in a transaction worth around $50m. Founded in 1996, Mass was the initial company to launch breakfast cereals in the Egyptian market and currently exports to additional than 30 nations around the world, with annual sales of $18m.
  • Egypt is banning rice exports starting in September

    EGYPT, 2015/08/30 Egypt's ministry of trade and industry will ban the export of all types of rice starting Sept. 1, a ministry official said on Thursday. The ministry is from presently on to decide on the duration of the ban, said Sayed Abu Qomsan, a deputy for the minister. The ban reverses an before decision issued last October which allowed the export of Egyptian medium-grain rice with a 2,000 Egyptian-pound ($279.72) tariff per tonne, payable to the government. Export licenses granted next the 2014 decision remain valid, despite the recent ban.
  • Egypt's has an official major food buying agency

    EGYPT, 2014/02/25 A shake-up of Egypt's food import and storage authorities has seen an official from its major food buying agency referred to prosecutors over suspected corruption on local rice deals, while the chief of its silos and storage holding company was fired. Egypt is the world's biggest wheat importer, normally buying some 10 million tons a year and while the suspected corruption is focused on rice, the moves come just days next two senior officials from the General Authority for Supply Commodities (GASC) were transferred from their posts.