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Egypt agricultural exports rise 13,9%

Business
Egypt’s agricultural exports rose 13,9% during the first nine months of 2017, reaching 4,1 million tonnes compared to 3,6 million last year, agriculture ministry spokesman Hamid Abdel Dayim said yesterday.

CAIRO — Egypt’s agricultural exports rose 13,9% during the first nine months of 2017, reaching 4,1 million tonnes compared to 3,6 million last year, agriculture ministry spokesman Hamid Abdel Dayim said yesterday.

Egypt’s agricultural exporters have seen a surge in demand since the country floated its currency last November, allowing it to roughly halve in value as part of reforms tied to a three-year $12 billion International Monetary Fund loan agreement.

Exports of potatoes, grapes and strawberries rose, Dayim said.

The export growth comes after a turbulent year for Egyptian produce, with a Hepatitis

A scare in North America linked to Egyptian strawberries and a temporary ban on Egyptian fruits and vegetables in Russia, one of Cairo’s major buyers.

— Reuters