Egypt: A decline of 2000 pounds in the price of fava beans within 40 days

Dried Broad Bean
Published Feb 4, 2022

Tridge summary

Obour Al-Attar, Deputy Head of the Agricultural Crops Division at the Cairo Chamber of Commerce, said that the prices of municipal beans witnessed a decline of 2000 pounds per ton during the past 40 days, with the availability of the product significantly during the current period.

Original content

A thousand pounds per ton in total, currently, reaching the consumer at about 18 and 24 pounds per kilo. Al-Attar noted that the prices of imported beans are currently stable after the recent increase of 20% as a result of the increase in freight prices, noting that the increase in freight prices greatly affected all the prices of imported goods, but especially low-priced commodities such as beans, which caused an increase in prices Shipping The imported quantities decreased significantly, but traders were forced to import again at high freight rates to prevent crises in the local market. Al-Attar explained that the price of a ton of imported beans has currently reached 9,500 to 11,000 pounds per ton, bringing the price of a kilo for the consumer to 12 and 18 pounds for the importer, noting that about 85% of our consumption of beans is imported from 5 countries, including Taiwan, Australia and Canada. Regarding the preparations for the month of Ramadan, he indicated that merchants ...
Source: Amwalalghad
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