Page 8 - Omar Assi News Today

The Egyptian market has been experiencing a surge in poultry protein prices in recent weeks, limiting purchases during Ramadan, a period when they usually increase.

In a meeting this week, the Egyptian prime minister spoke with different ministries on the organization of the 27th United Nations Conference on Climate Change, which will take place in November in Sharm El-Sheikh.

The Egyptian government issued a resolution suspending sales to the international market of some food products for three months. The purpose is to contain price hikes and ensure supplies during Ramadan.

The Brazilian company has its biggest animal protein markets in China and Egypt and seeks to expand business with the North African country.

The Arab Brazilian Chamber office in Cairo will register Brazilian companies with the General Organization for Export and Import Control of Egypt.

Beef, poultry, wheat, maize, and medicines are some of the products excluded from the decision of the Central Bank of Egypt to accept only letters of credit on imports.

Egyptian banks were instructed to only accept letters of credit for import operations from early March. Entrepreneurs from the sector plead for a reversal of the measure.

Participation in international shows is the Egyptian food industry’s path to reach new markets abroad.

The company executive says it will participate in the APAS show to learn about the needs of the Brazilian market for spices, seasonings, and plant-based beverages.

At the event in the UAE, the institution demonstrated its role in strengthening economic ties between Brazil and the Arab countries and fostering trade exchange.