Egypt prepares to increase its olive oil exports

Olimerca.- The Egyptian Chamber of Commerce has recently convened producers, government officials, regulators and researchers to develop a plan to increase olive oil exports, especially in packaging, as they say they are confident that it can compete with high-end brands globally. Reda Abdel Jalil, director general of technical affairs at the Chamber, noted that Egypt's olive oil production, which has fallen below 40,000 tons only once in the last six agricultural campaigns, coinciding with poor harvests in the last two years in other areas of the Mediterranean, has created a new export framework, according to Olive Oil Times. This country produced about 40,000 tons of olive oil in 2023/24, of which almost all was sold on the domestic market and for 2024/25 they expect a good harvest. World events have caused the devaluation of the Egyptian pound, high inflation and a lack of foreign currency. Increasing exports of table olives and olive oil is seen as a way to attract euros and ...