Daltex exports worth nearly 1 billion Egyptian pounds in 2017
Daltex Corporation’s exports approached 1 billion Egyptian pounds (46 mln euros) at the end of 2017, with plans to increase them by 15% in 2018. Managing director Hisham El-Naggar said that Daltex realised 25% growth in the last season. He also pointed out that the markets where Egyptian companies operate, are becoming more competitive.
Russia alone accounts for about 45% of the company’s total exports, compared to 35% for Europe, 13% for Asia and 7% for neighbouring Arab countries. Daltex has plans to increase exports to new markets such as India and China, next to opening new markets in Vietnam and Cambodia.
According to El-Naggar, the company has some high-value products for the world market, such as peppers, green onions, and strawberries. He explained that the African market has not received much attention from the company in the past, despite attempts to export to countries such as Togo, Senegal and Benin. There are opportunities in the African markets and they can absorb substantial quantities of Egyptian agricultural products, but special arrangements would be required, and this may take some time.
Dailynewsegypt.com reported on Egypt having supplied 20% of China’s imports of citrus, despite it being a new market for Egypt. Beijing imported over 120,000 tonnes of Egyptian citrus in the third season, up from 7,000 tonnes in the first season, with expectations of up to 200,000 tonnes for this season. Grape exports to China contributed to boosting Egyptian grape exports by over 200% last season, reaching 99,000 tonnes across all markets.
El-Naggar pointed out that the company exports 5,000 tonnes to China. “This figure is good for now, until we get to meet new clients,” he added, noting that the company aims to reach 10,000 tonnes of exports to the Chinese market by the end of the current season.
Publication date: 2/7/2018
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