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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.
Post maintained its 2015/16 production forecast to 98.5 million metric tons (mmt), a record. Area planted for soybeans in Brazil is estimated at 33 million hectares.
Post forecasts Brazil’s 2015/16 cotton area to drop to 900,000 hectares (ha), a nine percent drop compared to the previous year.
Brazil’s coffee production for MY 2015/16 was revised down to 49.4 million 60-kg bags, a nine percent drop relative to a revised number for the previous season...
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.
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.
2015/2016 wheat production is forecast at 6 million metric tons (mmt), down from previous estimates due to heavy rains in the south.
Post forecasts the 2015/16 soybean production at a record of 98.5 million metric tons despite the slow planting start for the second year in a row in the center-west region.