Egypt’s food exports won’t significantly fall on 2nd EU lockdown – official

Egypt’s food exports to Europe are unlikely to fall significantly due to the resumption of coronavirus lockdown restrictions introduced across Europe last month, Food Export Council head Hani Berzi told Masrawy.

Many European countries import essential goods from Egypt, demand for which is only likely to rise due to lockdown restrictions, the Edita boss suggested.

Europe is a significant market for Egyptian firms

Food exports to the EU reached $366 million in the first nine months of the year, making up 14 percent of the $2.6 billion in total exports during the period.

Exporters are more likely to be hit by instability in neighbouring Middle Eastern countries, Berzi said, noting that the bulk of exports go to the Gulf and countries with a recent history of political turmoil including Libya, Sudan, and Iraq. Saudi Arabia is the largest importer of Egyptian food products.