Latest news with #agriculturalexports
Zawya
a day ago
- Business
- Zawya
Egypt's agricultural exports hit 6.5mln tons YTD
Arab Finance: Egypt's agricultural exports have reached a record 6.5 million tons so far this year, marking an increase of more than 600,000 tons compared to the same period in 2024, Minister of Agriculture and Land Reclamation Alaa Farouk announced in a statement. Citrus topped the list of exported crops with more than 1.9 million tons, followed by fresh potatoes with over 1.3 million tons, and fresh onions with about 240,000 tons. Beans, both fresh and dry, ranked fourth with more than 202,000 tons, while grapes came fifth with around 170,000 tons. Other key exports include sweet potatoes, fresh tomatoes, garlic, strawberries, mangoes, guavas, and pomegranates. Farouk said the increase reflects the quality of Egyptian products and the trust they enjoy in global markets. He credited the achievement to the joint efforts of farmers, producers, exporters, agricultural engineers, researchers, and the Central Administration of Plant Quarantine (CAPQ), along with the Ministry's central reference laboratories and the Ministry of Foreign Affairs. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
France 24
6 days ago
- Business
- France 24
For Argentine farmers, Milei's free-market reforms fall short
That includes Ruben Artigues and his orchards in La Buena Moza region, two hours northwest of Buenos Aires, where the orange harvest is in full swing. Tractors come and go groaning under the weight of sweet navel oranges plucked from the tree tops by laborers perched on ladders. Like many farmers, Artigues embraced Milei's election in December 2023 as a win for free enterprise after two decades of mainly protectionist centre-left policies. But he feels that the gains for farmers so far have been timid, and that producers "are growing weary." Agricultural products represented 58 percent of Argentina's exports in 2024, making it a key driver of economic growth and a major source of foreign currency. Farmers' frustrations are chiefly directed at the multiple taxes imposed at the national, provincial and municipal levels, which they say harm their competitiveness. While campaigning in 2023, Milei promised to cut punishing taxes on beef and cereal exports -- a longstanding source of government revenue which he called "robbery," and eventually scrap them altogether. But the cuts were slow in coming and fell short of industry expectations when he finally announced them last month. Export taxes on poultry and beef fell from 6.75 percent to five percent, on corn from 12 percent to 9.5 percent, and soybeans -- one of Argentina's biggest farm exports -- from 33 to 26 percent. There was also some relief for sorghum, sunflower seeds and byproducts and soybean byproducts. From 'hell' to 'purgatory' "We were in hell and now we've ascended to purgatory," Raul Vítores, president of the Rural Society of San Pedro, commented on the cuts. Artigues, who lost 30 percent of his orange and peach harvest this year due to a record cold spell in July, called the changes "insufficient." As he supervised the sorting of oranges being packed for export to Europe, he acknowledged that the "situation is difficult" for maverick economist Milei, given the poor public finances he inherited. "Shipping a box of oranges from an Argentine port costs us 40 percent more than our competitors in Chile, Uruguay, or South Africa," he argued. His orange trees are also a magnet for thieves who raid the orchards at night. "Producers are growing weary, many are abandoning (fruit) and renting their fields to soybean producers," said Artigues, who employs about 120 people, noting that soybean production, being less labor-intensive than fruit, creates far less employment. Bumpy route to market Milei was elected on a promise to cut spending, tame inflation and erase a steep budget deficit. He has delivered on those promises through a program of biting austerity, which has seen tens of thousands of public sector workers laid off and left many others on the breadline. But he still had to go back to the International Monetary Fund, to which Argentina already owes $44 billion, to secure another $20 billion loan. At the annual "Expo Rural" farm fair in Buenos Aires in July, Milei cast doubt on his plan to eradicate export duties altogether, saying he would not do so if it threatened his hard-won fiscal surplus. But it hasn't been all doom and gloom for farmers. Food producers have cheered his partial elimination of exchange controls and success in fighting inflation, which had been driving up the cost of their inputs. They also largely support his austerity measures -- except when it impacts their bottom line. One of Milei's first acts as president was to freeze public works, including maintenance of more than 40,000 kilometers (25,000 miles) of highways used to transport 90 percent of Argentina's freight. Nicolas Pino, president of the Argentine Rural Society which represents large landowners, warned the increasingly ruinous state of roads was affecting business. "It is not viable to increase production if there are no roads, railroads, or waterways to transport it," he told the farm fair. © 2025 AFP
Zawya
30-07-2025
- Business
- Zawya
Egyptian agricultural exports surpass 6.240mln tons in mid-July: Farouk
Arab Finance: The total volume of Egyptian agricultural exports increased during mid-July 2025, exceeding 6.240 million tons, Minister of Agriculture and Land Reclamation Alaa Farouk announced. The recorded load is higher by 575,000 tons when compared to the same period in 2024. Based on data issued by the Central Administration of Plant Quarantine (CAPQ), citrus fruits led the list of Egyptian agricultural exports, with a total amount surpassing 1.9 million tons. Potatoes came in second place, with a quantity exceeding 1.3 million tons, followed by fresh onions with 231,894 tons. Grapes took over the fourth position with 159,477 tons, followed by sweet potatoes with 123,857 tons. The export portfolio included other items, such as beans, mango, garlic, guava, and other Egyptian crops. Farouk cited remarks of Mohamed El-Mensy, head of the CAPQ, noting that Egypt successfully opened eight new export markets for its crops: grapes, pomegranates, mangoes, potatoes, and potato seeds. The administration also entered several new global markets, including South Africa, Costa Rica, Uzbekistan, India, and the Philippines, according to El-Mensy. On July 27 th, the European Union (EU) greenlighted new legislation No. 1289/2025 aimed at facilitating import procedures for Egyptian potatoes. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
Arab News
12-07-2025
- Business
- Arab News
Pakistan discusses rice, meat exports with Malaysia amid push for export-led growth
ISLAMABAD: Pakistan discussed expanding exports of rice, meat and other agricultural products with Malaysia on Friday during a meeting between Deputy Prime Minister Ishaq Dar and Malaysian Premier Anwar Ibrahim, according to an official statement. Dar arrived in Kuala Lumpur on Thursday to attend the ASEAN Regional Forum, where he also interacted with other world leaders. His three-day visit aims to deepen Pakistan's engagement with ASEAN states and advance bilateral cooperation with key regional partners. 'Deputy Prime Minister Senator Mohammad Ishaq Dar called on Malaysian Prime Minister Dato' Seri Anwar Ibrahim,' the foreign office said in a statement. '[The] DPM conveyed the good wishes of the Prime Minister of Pakistan for the leadership and people of Malaysia and reiterated Pakistan's desire to further expand mutually beneficial bilateral cooperation in all spheres.' 'Expanding cooperation in the halal sector, including potential for export of meat and agricultural products from Pakistan, including rice was also discussed at the occasion,' the statement added. Pakistan has been actively working to diversify its export destinations in recent years, seeking to promote agricultural goods, halal-certified meat, textiles and services as part of its broader strategy for export-led economic growth. The Malaysian leader reaffirmed his country's commitment to strengthening longstanding ties with Pakistan. He said he looked forward to Prime Minister Shehbaz Sharif's forthcoming visit to Malaysia. During his visit, Dar also addressed the ASEAN Regional Forum, where he called for global peace, justice and urgent climate action in the face of escalating environmental and geopolitical challenges.
Zawya
02-06-2025
- Business
- Zawya
Egypt's agricultural exports surpass 4.8mln tons in 5 months
Arab Finance: Egypt's agricultural exports rose significantly from the beginning of this year until the end of May, exceeding 4.8 million tons, up from 4.3 million tons in the same period last year, as per a statement. Citrus fruits, potatoes, onions, guava, beans, sweet potatoes, grapes, and strawberries were the most exported during the five-month period. However, citrus fruits topped the list of exports with over 1.8 million tons, followed by fresh potatoes at nearly 1.1 million tons. Beans, including both fresh and dry varieties, ranked third with exports totaling 130,000 tons. Onion came in fourth place with 106,000 tons exported, while sweet potatoes followed closely, ranking fifth with 101,000 tons. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
