Egyptian company aims to double citrus exports 2016

Egyst Agricultural Crops is aiming to double its citrus exports this season to approximately EGP 390m, compared to EGP 172m exported in 2015.
Chairman of Egyst Mohamed Dessouky said the company intends to increase the volume of citrus fruits exported to 120,000 tonnes, compared to only 50,000 last season. 

The company intends to operate its packaging plant for agricultural products in 2016 at an investment cost of EGP 200m on an area of 52,000sqm with a production capacity of 100,000 tonnes annually.

The plant will be comprised of an integrated agricultural manufacturing plant equipped to process all varieties of fruits and vegetables. The complex will include five lines for packaging citrus fruits. The plant began operations gradually in 2015 and the company has exported 4,000 tonnes of citrus through the facility.

The company has a packaging facility in Kafr Al-Dowar on an area of 14 acres with a capacity of 55,000 tonnes of citrus fruit annually and exports 150-200 tonnes daily.

Egyst has branches in Ukraine, Russia, and Kazakhstan that serve as representative offices to promote their products. The company has begun dealing with major importers in those countries directly. The time required to transport agricultural crops to the countries of the Black Sea via refrigerated locomotives takes approximately ten days.

The company has three promotional offices located in the UAE, India, and China.

Dessouky stressed a need to amend the Egyptian export system to help companies compete against other countries. Turkey exported citrus fruits at prices no greater than $300 per tonne and subsidised exporters with approximately $55 per tonne compared to a cost of approximately $400 per tonne in Egypt. Export subsidies for citrus fruits were halted due to a number of companies exporting poor quality products in order to acquire the subsidies.

Egyst is ranked fourth among 600 Egyptian companies specialised in exporting agricultural crops.


(1 Egyptian Pound=0.13 USD)

Source: dailynewsegypt.com


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