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    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

    Egypt’s food industries contribute 24.5% of GDP

    Egypt’s food industries contribute 24.5% of GDP

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    $36mln contract for construction of Duqm fisheries complex

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    Ministry signs agreement to support Oman’s honey industry

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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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      Egypt’s food industries contribute 24.5% of GDP

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      Madayn working on major Oman industrial city projects

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        • Agrofood
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          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Pacts worth over OMR 33 million signed to establish agricultural, fisheries projects

          Egypt’s food industries contribute 24.5% of GDP

          Egypt’s food industries contribute 24.5% of GDP

          $36mln contract for construction of Duqm fisheries complex

          $36mln contract for construction of Duqm fisheries complex

          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Trending Tags

          • Business & Economy
            • All
            • Business
            • Economy
            • Finance
            • Industry
            • Technology
            • Trade
            • Transport & Logistics
            Aramco, DHL to build procurement and logistics hub for the energy sector

            Aramco, DHL to build procurement and logistics hub for the energy sector

            Second runway of Muscat airport to be ready this year

            Second runway of Muscat airport to be ready this year

            UAE-Oman rail network expected to bring about new era of collaboration and growth

            UAE-Oman rail network expected to bring about new era of collaboration and growth

            Saudi Arabia issues 124 licenses to industrial units in different sectors in January

            Saudi Arabia issues 124 licenses to industrial units in different sectors in January

            Qatar’s economic growth is strong: ICAEW

            Qatar’s economic growth is strong: ICAEW

            Egypt’s food industries contribute 24.5% of GDP

            Egypt’s food industries contribute 24.5% of GDP

            Trending Tags

            • CES 2017
            • Election Results
            • eSports
          • Construction
            • All
            • Infrastructure
            • Real Estate
            Saudi Arabia real estate: PIF-backed firm signs largest deal valued at $1.5bn

            Saudi Arabia real estate: PIF-backed firm signs largest deal valued at $1.5bn

            Construction works of Egypt’s first eco-sustainable industrial complex kick off

            Construction works of Egypt’s first eco-sustainable industrial complex kick off

            Oman Construction Equipment Industry to 2028

            Oman Construction Equipment Industry to 2028

            $36mln contract for construction of Duqm fisheries complex

            $36mln contract for construction of Duqm fisheries complex

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            What will Qatar do with its World Cup infrastructure after FIFA 2022 ends?

            Madayn working on major Oman industrial city projects

            Madayn working on major Oman industrial city projects

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            • Energy
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              • Oil & Gas
              • Power & Electricity
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              Oman signs $20bn hydrogen deals

              Oman signs $20bn hydrogen deals

              Suez Canal expects US$3.5 billion in revenues in H1

              Suez Canal expects US$3.5 billion in revenues in H1

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              UAE and Egypt’s consortium to buy African renewables firm Lekela Power

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Fitch revises Saudi Aramco’s outlook to positive from stable

              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Trending Tags

              • Hospitality
                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              A new juice production factory opens in Egypt

              DNE

              September 7, 2016
              in Agriculture, Business, Food
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              Sakr Group for Food Industries targets to increase its exports this year after the inauguration of its new juice factory.

              The company aims to double its exports of milk products and juices to reach $20m in 2016, compared to $10m last year, chairperson Ahmed Sakr said.

              The inauguration of the company’s new factory for the production of juices, which has an annual production capacity of 1bn packages, will support the company’s exports, he added. The company exports about 15% of its production and Mauritania is considered the company’s most important export market as it acquires 60-70% of the company’s total exports.

              Sakr said that the company used to export 50% of its production before 2011, but the Arab Spring negatively affected the export of agricultural crops. For example, Iraq used to import 120,000 tons of Egyptian cheese, but this has completely stalled because of the Iraqi government’s rejection of Egyptian products.

              He added that 85% of the company’s production is directed towards the local market, pointing out that the holy month of Ramadan and Eid El-Fitr increased domestic sales in June and July.

              Sakr said that some foreign shipping companies insist on collecting their dues in US dollars, which means import costs are increased by about EGP 80 per ton.

              Exporters are facing a great deal of obstacles in the Egyptian market, notably the high prices of production requirements, which is affected by the high US dollar exchange rate against the Egyptian pound—registering EGP 12 on average in the informal market.

              Since the beginning of this month, the price of sugar rose to EGP 5,800 per ton, compared to EGP 4,700 last month. In addition, exporters lack the support of the Egyptian government, while other countries support their exporters. He referred to Turkey, which aims to increase its exports to $350bn and increase its factories to 30,000 by the end of 2023.

              Sakr stressed the importance of building new logistics areas and storage centers outside the ports, adding that most of the factories in Borg El-Arab region have built their storage centers next to the factories.

              The price of dairy products has increased over the past month, amid the decline of domestic dairy production—the dairy production season starts in December and ends in March. This forces the factories to use powdered milk as an alternative to liquid milk. Sakr noted that the price of imported milk powder recently reached $2,000 per ton compared to $1,900.

              Further, the shortage of foreign exchange needed to import production inputs has also negatively affected dairy production during the last period.

              Sakr said that the cost of milk from farms and producers to factories has significantly increased from EGP 3.60 per kg up to EGP 4.20; however, the company did not increase the price of its products as the consumer would not accept any price hikes.

              Sakr demanded that the Egyptian government pay more attention to international trade agreements that support Egyptian exports. He pointed out that the Egyptian government has recently agreed with Russia to import poultry, and he wondered whether or not the government also discussed exporting Egyptian products with Russia.

              Sakr stressed the need to reconsider the export policies and sign new economic agreements to promote the exports of companies in various sectors. He also stressed the need to intensify Egypt’s participation in international exhibitions and to hold many annual exhibitions.

              He demanded that an entity be formed that can gather all relevant government agencies and businessmen to activate Egyptian exports. This entity would determine the target markets, establish marketing centers in foreign countries, and activate the export support programs.

              Sakr said that his company has seven factories in Borg El-Arab, Alexandria, including a factory for triangular and square-shaped cheese with nine production lines, and a production capacity of 1.7 tons per hour. Additionally, there is a Tetra Pak factory and a juice factory with a capacity 6 tons per hour—it produces packages of 200 and 250mm. The company also has a cheddar cheese factory with an annual production capacity of 1,500 tons; a factory to produce fruit concentrates; and another one for the production of margarine and butter.

              Sakr said that his company is the only agent for many international companies in New Zealand, the United States and Europe. Sakr Group has another company called Sakr for International Investment which is the only agent and distributor of Fonterra Company’s production of butter in Egypt. This subsidiary company acquires 70% of the market share in this field.

              Sakr noted that his company is the leading importer and distributor of canned tuna and mackerel from Thailand, liver and frozen meat from the United States, and frozen fish from different countries such as the United Kingdom, Mauritania, Ireland, the Netherlands, and others.
              Daily News Egypt
              7 September

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