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Thursday, 10 August 2017

Agriculture Ministry tightening agricultural export regulations

The Agriculture Ministry looks set to acquiesce to the demands of countries banning imports of Egypt’s agriculture goods by setting up a “white list” and a “black list” of exporters, government sources tell Al Mal. Egypt’s ports will also be adopting stricter monitoring measures that will include banning exports by any company flagged for sending poor quality goods. Seaports and airports will require exporters to submit reports on the quality of their products, focusing on things such as pesticide content, and land quality and fertility. As we noted yesterday, agriculture export revenues for this current export season are expected to fall y-o-y to USD 2.1 bn from USD 2.2 bn.

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