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Pakistan is a small but growing market for imported consumer food products and the small modern retail sector is growing slowly.
Egypt’s economy is rebounding registering its largest growth rate since the outbreak of the 2011 revolution, growing by 4.2 percent in FY 2014/15.
On September 7, 2014 the former Minister of Agriculture Dr. Adel El Beltagy issued Ministerial Decree # 1495 to reestablish the National Biosafety Committee (NBC).
Agricultural and Food Developments during the month of November 2015.
Pakistan’s MY 2015/16 (August-July) cotton production is expected to reach 8.2 million 480 lb bales, down nearly 25 percent from last year’s crop.
Egypt’s food processing is a very dynamic sector, averaging a compound annual growth rate of 12 percent in the last 5 years.
MY 2015/16 wheat imports are forecast at 11.5 million metric tons (MMT) in line with USDA’s official estimate.
News on developments in agriculture and food in Egypt.
Pakistan continues to expand its imports of soybeans, importing over 500,000 metric tons in 2014/15 (a record), with projected 2015/16 imports of 1.5 million metric tons.
Egypt’s government has backtracked on the policy of eliminating cotton subsidies to the sector and has allocated cash subsidies valued at LE 261.7 million to buy the MY2015/16 cotton crop.
Pakistan’s 2015/16 cotton production is forecast at 9.2 million 480 lb bales, down 800,000 from the previous estimate, and the lowest level since 2010.
Planting of the Rabi (winter) wheat crop is expected to get underway in a few weeks.