Egypt is expanding the market for its agricultural products, exporting for the first time potatoes to Morocco and strawberries to Canada. Egypt's Ministry of Agriculture has highlighted efforts to bolster foreign currency reserves through strategic agricultural measures. Now, Moroccan officials have green lit potato imports. Concurrently, Egypt has successfully met Canadian technical requirements for fresh strawberry exports, marking a significant step in expanding its agricultural export portfolio. The ministry also noted the rising global demand for Egypt's agricultural exports, attributed to their recognized quality.
During the first quarter of 2024, Egypt's agricultural export volume surpassed 2.2 million tons, valued at approximately $1.5 billion. This represents a $300 million increase from the previous year, despite ongoing supply chain disruptions and selective export bans to bolster the domestic market. Agriculture, as Egypt's second-largest export sector, generated $9 billion in revenue from fresh and processed products last year. The country has been actively opening new markets for its commodities, enhancing its foreign currency reserves.
Source: english.ahram.org.eg