The participation in the APAS Show 2024 in Brazil is one of the goals of the Egyptian Food Export Council to boost the country’s sales to the Brazilian market.
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The president of Egypt’s Food Export Council, Hany Barzy, stated supplying food to the Brazilian and Chinese markets will be a priority for 2024.
Manal Swailem said the company plans to export fresh oranges, strawberries, and grapes to the Brazilian market, in addition to frozen vegetables. The company is exhibiting at the APAS Show and intends to increase its market share in 2024.
Companies from Egypt exhibiting at the food trade show in Dubai celebrated the signature of export deals during the show, which doesn’t usually occur. High number of visitors favored business.
Egyptians exhibiting at the Dubai show have noticed a significant increase in visitors and are excited by the upturn of business after three years hampered by the pandemic.
The Russia-Ukraine war prevented the sector from reaching the 2022 target; nonetheless, it had a marginal 0.5% growth in international sales. The local government restricted exports of some items to secure local supply.
This week, a trade mission with 43 companies from Egypt took place in Saudi Arabia. The Saudi market accounts for 7.5% of Egypt’s food exports.
According to information released by the Ministry of Supply and Internal Trade, the price of the product imported from Brazil dropped 12% at official points of sale in the Arab country.
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.
