The Egyptian Food Export Council (FEC) said food exports to Europe have seen a 21% increase to USD 235 million in the first eight months of the year as compared to the same period last year, the Executive Director of the council Manar Nasr told Al Shorouk. The EU accounts for 12.5% of food exports, with Germany picking up the lion’s share of USD 45 million. Nasr added that the growth comes on the back of cheaper prices after the Egyptian pound was floated.
Source : enterprise.press