Browse Data and Analysis

The industrial demand for sugar beets continues to rise, as it provides a higher price, thus incentivizing many farmers to plant more beets. In marketing year (MY) 2022/23 the sugar beets were subject to an outbreak of Rhizomania disease.

Egyptian traders and crushers continue to demand sustainability and quality of supply, both of which are key features of U.S.-origin soybean. This demand produced another record year for U.S.-origin soybean exports to Egypt with 4.07 MMT in exports, was by far Egypt’s largest supplier of soybeans in marketing year 2021/22.

Like many countries in the world, Egypt has been greatly affected by the Russian war on Ukraine, which has caused strain on the Egyptian economy. In 2022, the Egyptian government struggled to rein in inflation caused by rising food and energy prices. In October 2022, Egypt decided to sharply devalue the currency by the end of 2022, inflation reached almost 22 percent.

The government of Egypt has yet to publish or notify an official statement regarding the application of halal certification on dairy past the April 1 deadline. However, the industry reports that another extension from fees has been granted for as much as a year.

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: ATO Hong Kong Launches Branding Video Campaign on Social Media; Hong Kong Workforce Sees Biggest Decline in Decades

Bite size local news, Post reports and activity summaries wrapped by ATO Hong Kong. In this issue: Local Food Traders Celebrate the Return of the U.S. Food and Beverage Showcase; Hong Kong Outbound Tours Bounce Back; Hong Kong Jobless Rate Dips to Three-Year Low; Hong Kong’s Inflation Rose 1.7 Percent in February.

FAS Cairo (Post) forecasts Egypt’s wheat imports in marketing year (MY) 2023/24 (July – June) to increase by almost 2.9 percent from the previous marketing year due to population growth.