Belco, an Egyptian international trading company expects to grow its exports by 5% this year compared to 2016 and reach €9.5m in exports.
Sherif El-Beltagy, the company’s chairperson, said that Belco does not expect a significant increase in its exports this year due to its inability to increase production, especially as it has not completed the planting of crops since last summer.
The company exports 60% of its green beans production, 70% of its onions, and 65% of its grapes. All remaining products go straight to the domestic market in Egypt. Out of all foreign exports, England’s market acquires 40% annually, while Germany also acquires 40% and the Netherlands acquires 20%.
The company exports a list of fruits and vegetables, including green beans, green onions, lettuce, grapes, and peaches with total amounts that reach up to 9,000 tonnes per year.
source: dailynewsegypt.com
