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FAS Cairo forecasts Egypt’s marketing year (MY) 2018/19 (October-September) milled rice production to drop to 3.3 million metric tons (MMT), down 1 MMT from the MY 2017/18 estimate.
There are over 7,000 food processing and manufacturing companies in Egypt, generating sales of $22.2 billion in 2017 (up 55 percent compared to 2016).
In MY2015/2016, total raw sugar production is forecast to increase 3 percent to 2.127 MMT from MY2014/15 due to an increase in raw beet sugar production of 60,000 MT or a total of 1.210 MMT.
Soybean imports are expected to reach 1.97 MMT, reflecting additional crush capacity and soy meal demand.
The Ministry of Agriculture and Land Reclamation announced it would not directly provide cash subsidies for MY2015/16, after offering such subsidies to farmers for the first time in MY2014/15.
News on developments in agriculture and food in Egypt.