Egyptian export companies benefit from the current low currency rate of the Egyptian pound. In 2016 the currency rate stood at US$1 to 11 or 12 Egyptian pounds, whereas this rate currently hovers around 16 to 20 Egyptian pounds per US dollar. According to Ahmed Adel of the Egyptian export company ANB Group, exporters can make more profit as long as the currency differs a lot from the US dollar.
The main markets for ANB Group are Russia, followed by Europe, the UK and Asian markets like China and Malaysia.
“We manage to have low prices as we’ve got our own packing station. We maximize our profit by exporting large volumes with our low prices.”
ANB Group grows and exports lemons of the Adalia variety. The company also exports seedless limes and other seasonal fruit, like strawberries. As of now, ANB Group sells its lemons for US$680 dollars per ton and limes for $620 dollars per ton.
The FOB price is generally the same for all markets, although logistics add costs depending on the destination. Clients in Russia are charged US$1950, while markets in Italy and Barcelona need to deal with a cost of US$1500 and German locations like Hamburg with a cost of US$1800. "The shipping costs are not stable every month, sometimes it decreases from US$50 or increases to US$100."
For more information:
Ahmed Adel
ANB Group (Egypt)
Mob/whats app : +201096123584
Skype: dds446
Email: anbforexportfv1@gmail.com
anbforexport1@yahoo.com