The Magrabi Agriculture Company achieved a slight increase in exports this year, reaching 59,000 tonnes, up from 57,000 tonnes in 2016, thanks to the increase in grape exports.
Ibrahim Al-Banna, director of the Magrabi Agriculture Company’s export department, said that the company relies mainly on citrus in exports, followed by grapes and smaller quantities of different other products.
He pointed out that citrus exports remained stable at 50,000 tonnes this year, while grapes exports increased to 8,000 tonnes, up from 6,000 tonnes last year, next to the stability of exports of other products at about 1,000 tonnes.
He added that the opportunity was available for the market to increase exports following the flotation of the pound through offering more competitive prices. Yet, Egyptian products failed to do so, as exporters rely on their farms only to maintain a specific quality, which did not increase production, and kept the exports rates fixed.
