With winter approaching, Egypt imports lentils with a value of 78 million dollars within 8 months, and prices rise by 2000 pounds per ton

Published 2021년 11월 10일

Tridge summary

From January to August 2021, Egypt experienced a significant increase in its lentil import bill, with a 31.2% rise to a total of $77.994 million, compared to the same period in 2020 when it was $59.457 million. Despite a slight decrease in August, the monthly import of lentils also saw a notable increase, reaching $1.292 million compared to $4.835 million in August 2020. This surge in imports is attributed to a rise in the lentil price per ton, which increased by approximately 2,000 pounds to 19,000 pounds, ultimately driving the consumer price to 24 pounds per kilo. Egypt's lentil consumption is predominantly imported from three countries: Turkey, Canada, and Syria, with the demand being particularly high during the winter season, which accounts for about 65% of annual consumption.

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Original content

Data of the Foreign Trade Bulletin issued by the Central Agency for Public Mobilization and Statistics, of which Amwal Al Ghad obtained a copy, revealed that Egypt’s import bill of lentils increased by 31.2% during the period from “January-August 2021” to reach $77.994 million, compared to $59.457 million during the same period. During the period from 2020, while it declined during August only by 73.3% to record 1.292 million dollars, compared to 4.835 million dollars during the same month of 2020. The price of lentils increased by about 2000 pounds per ton, to record 19,000 pounds per ton. He indicated in exclusive statements to Amwal Al-Ghad that the price reaches the consumer about 24 pounds per kilo, referring the high prices of yellow lentils to the rise in shipping and transportation prices, in addition to the high prices in the countries of origin, and thus caused Al-Attar added that about 95 of our consumption is imported from abroad from 3 countries, namely Turkey, Canada ...

Source: Amwalalghad