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Wednesday, 9 August 2017

Egypt’s agri export revenues decline as bans plague export season

Egypt’s agri export revenues decline as bans plague export season: Exports of Egyptian agricultural products are expected to decline to about USD 2.1 bn from USD 2.2 bn during the export season starting in September, Agriculture Export Council head Abdel Hamid El Demerdash tells Reuters. The declines come on the back of wave of bans on agricultural goods that have hit Egypt this season, dampening what was expected to be a successful export season following the EGP float. Saudi Arabia and the UAE have temporarily banned crops including strawberries and peppers due to concerns over pesticides, while Sudan introduced a blanket ban in May. Arab countries have requested that Egypt establish a "whitelist" of approved exporters who can guarantee the safety of their products, said El Demerdash. Egypt is working to reverse the bans.

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