Egypt to study the discourse about opening the door for exporting beans, with a sufficient reserve of 7 months

Published 2021년 6월 29일

Tridge summary

The Head of the Internal Trade Sector of the ministry is studying a letter from the Minister of Trade and Industry about permitting bean exports. The ministry will allow the export of harvested and crushed beans if there is a safe balance. Currently, the bean stock is sufficient for 7 months. Exports are currently happening based on company requests. Egypt cannot isolate itself from the external market due to the quality of its beans and there is a demand from foreign markets. However, the production and consumption gap of beans in Egypt persists, as the country still imports two-thirds of its bean needs.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Abdel Moneim Khalil, Head of the Internal Trade Sector, said that the ministry will study the letter of the Minister of Trade and Industry regarding allowing the export of beans. In exclusive statements to Amwal Al-Ghad, he indicated that we are currently studying the balance, and in the event that there is a safe balance, quantities of harvested and crushed beans will be exported. He added that the current stock of beans is sufficient for 7 months, noting that the export is taking place at the present time in accordance with the requests submitted by companies, and about 10,000 are exported. Tons of canned beans according to each company. He indicated that we cannot isolate ourselves from the external market, especially since there is a demand for Egyptian beans from foreign markets due to its quality, and there are no reasons preventing export at the present time. In the quantities available locally, and the decrease in the prices of local and imported beans by 40% compared to ...

Source: Amwalalghad