Why did the Egyptians eat 44,000 tons of cashews in a year, an economist answers

Published 2021년 12월 27일

Tridge summary

An article highlights the economic significance of Egypt's import of 'luxurious' goods, such as nuts, despite the country's high poverty rate. The price of nuts has dropped by 13% for Ramadan 2021 compared to the previous year. The top five countries exporting cashew nuts to Egypt are Uganda, Brazil, Tanzania, Kenya, and India. There has been a substantial increase in cashew nut consumption in Egypt, from 6,000 tons in the last year to 44,000 tons, attributed to their use in weight loss recipes and the relaxation of coronavirus restrictions. This consumer behavior indicates a shift towards spending on non-essential items, reflecting a improvement in economic conditions.

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Original content

Ahmed Moati, an economist, confirmed that the import of provocative goods is an economic measure for improving the living and economic conditions of citizens. He explained that the import of these goods does not, at the same time, reflect the outrageous wealth of low-income and poor people in Egypt, where the poverty rate reached 29.7% of the total The population in the fiscal year 2019-2020. It is noteworthy that the prices of nuts recorded a decrease in the Ramadan season in 2021 by about 13% compared to 2020, according to the report on the import control, and it is noteworthy that the price of a kilo starts from 190 pounds, and the price of one kilo of cashews reaches To more than 500 Egyptian pounds, according to the distribution company. Data from the Packing and Statistics Authority showed the list of the five most exported countries of cashew nuts to Egypt in terms of quantities, which are Uganda with about 2 million and 631 thousand kilograms, followed by Brazil with about ...

Source: Akhbarelyom