Egypt: A new decline in the prices of beans in the market

I wrote – Sherine Salah: Obour Al-Attar, deputy head of the Agricultural Crops Division at the Cairo Chamber of Commerce, told Masrawy that the prices of imported beans and lentils have gradually declined in the market during the last period, by a rate ranging between 15 and 20%, depending on the variety. Al-Attar attributed the decline in prices to the release of shipments in the ports during the past recent weeks. Al-Attar added that the average price of a ton of imported beans in the wholesale market witnessed a new decline, and fell to 22 thousand pounds, compared to 26 thousand pounds before the decline. He explained that the average price of a ton of lentils has stabilized its recent decline at 36,000 pounds, after it fell to this level since the beginning of this year, compared to 41,000 pounds before that. Alaa Ezz, Secretary General of the Federation of Chambers of Commerce, told Masrawy earlier that shipments of about one billion and a quarter dollars were released ...