Agricultural Crops Division: 5 thousand pounds, an increase in a ton of beans within a month in Egypt
Dried Common Bean
Published Aug 3, 2023
The price of local beans in Egypt has increased by 5 thousand pounds per ton in the wholesale market over the past month, due to a shortage in supply caused by a decline in fava bean production. The prices now range between 30,000 and 31,000 pounds per ton, compared to 26,000 pounds per ton a month ago. Egypt imports about 85% of its bean consumption and only produces about 15%.
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I wrote – Dina Khaled: The prices of local beans increased in the markets during the last month, by about 5 thousand pounds per ton, in the wholesale market. Aziz Ezzat, a member of the Grain Division of the Cairo Chamber of Commerce, told Masrawy that the prices of local beans rose to between 30,000 and 31,000 pounds per ton, compared to 26,000 pounds per ton a month ago. Ezzat attributed this rise to a shortage in the supply of fava beans, as a result of the decline in Egypt's fava bean production this year. Ezzat added that the price of a kilo of imported beans hit about 21,000 pounds per ton. The harvest season for the local bean crop ...