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Egypt: New contracts between farmers and companies to market the sesame crop

Published Jul 9, 2024

Tridge summary

Farmers in Egypt have partnered with businessmen to cultivate and sell crops such as sesame and cumin due to the escalating prices caused by the situation in Sudan, the primary sesame supplier. Sesame, a profitable and easy-to-cultivate crop, has seen a surge in demand, with 180,000 acres dedicated to its cultivation this year, marking a 30,000-acre increase from the previous year. These crops are essential for various industries, including the production of oil, tahini, halva, and baked goods. The sesame cultivation period lasts only four months, from mid-April to the end of May, and requires specific soil conditions for optimal seed production.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

During the past period, contracts were concluded between farmers and some businessmen to enter into partnerships to produce and market some crops such as sesame and cumin. Sources revealed to Al-Mal that the contract price of ardeb sesame was 34,000 pounds, and its weight reached 120 kg, with the price per kilo reaching 283.3 pounds (at the top of the ghat). An acre in Upper Egypt produces between 4 and 6 ardeb. The sources reported that the worsening situation in Sudan (the first supplier of sesame to Egypt) led to a madness in the prices of spices in general and sesame in particular. In the last period of the season, the emergence of new traditions spread to attract farmers to expand the cultivation of cumin, such as the farmer contracting with an investor at a value of 400 thousand pounds per acre, provided that He cultivates the universe and the investor gets the full crop. Sesame is also an important oil crop, which is used in many industries and is grown to extract oil ...
Source: Almalnews
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