Egypt in talks with Russia for release of impounded Egyptian orange shipments

Egypt’s Minister of Trade and Industry Nevine Gamea discussed on Tuesday with the Russian Ambassador in Cairo Georgiy Borisenko ways to find an urgent solution to release Egyptian orange shipments impounded at a Russian port and destined for the Russian market.

Egyptian orange shipments

According to a statement by Egypt’s cabinet, Gamea stressed that the Egyptian government is currently conducting intensive contact with the Russian side to resolve the problem of Egyptian orange shipments.

The Russian decision applies to specific producers not countries as a whole.

According to Gamea, Egypt is the number one exporter of oranges in the world at 2 million tonnes annually, pointing out that Egyptian oranges are also exported to the European Union, China, Japan, and others.

“The Egyptian government is keen to export products that conform to international standards and are approved by the relevant Russian authorities,” Gamea said. 

From his side, Borisenko said that the Russian embassy in Cairo is following up with great interest the latest developments in the orange shipments designated to the Russian market, pointing out that the embassy has coordinated with relevant Russian authorities to pay more attention to this problem and work to solve it as soon as possible, the statement said.

Economic momentum

During the meeting, Gamea indicated that currently “there is an unprecedented economic momentum between Cairo and Moscow” based on the steady increase in the annual trade exchange rates and the ongoing negotiations of a free trade agreement between Egypt and the Eurasian Union countries, in addition to the project of establishing a Russian industrial zone in Egypt.

The Russian market, Gamea indicated, is one of the most important markets receiving Egyptian exports, with  Egyptian exports to Russia last year amounting to $489 million, compared to $416 million in 2020 – an increase of 17.5 percent.

Borisenko stressed that Russia and Egypt have solid strategic bilateral relations based on a long history of economic cooperation in various fields.

He also emphasized the Russian side is looking forward to further strengthening the frameworks of joint cooperation, especially in light of the great interest of the political leadership in the two countries to move forward on achieving a qualitative leap in joint economic relations.

Moreover, Gamea said that the meeting also dealt with preparations for holding the meetings of the Joint Egyptian-Russian Committee for Trade, Economic, Scientific, and Technical Cooperation during the second half of March, with the participation of the two countries’ trade ministers.

Source Ahram Online

Egyptian oranges stuck in Russian ports after sudden import Regulations
Egyptian Oranges

Over 40,000 tons of Egyptian oranges in 150 shipments are currently being held at Russian ports, pending negotiations between the two countries to allow the containers to enter. Although Russian officials claim the shipments do not meet its import specifications, Egyptian exporters laid the blame on Russia for changing its standards without coordinating with the Egyptian side.

However, Egyptian Valencia orange suppliers are facing challenges as their containers have been stopped in Russian seaports due to new regulations of Russian MRL. Suppliers that deal with other products are also affected by the new rules and are considering changing destinations from Russia to other countries.

Last year, Egypt topped the list of orange exporting countries, sending out about 1.67 million tons to markets mostly in Russia, Saudi Arabia, and China. Egypt’s place as the orange export king brought it about US$843 million, according to a September report issued by the

Source Fresh Plaza

Source Tridge

Egypt’s trade deficit decreased 21.6% in December 2021 especially Egyptian Fresh Products
Egyptian Fresh Products

Yesterday, the Central Agency for Public Mobilisation and Statistics issued a monthly Foreign Trade bulletin for December 2021. Egypt’s trade deficit especially Egyptian Fresh Products stood at $2.41 billion in December 2021, versus December 2020’s $3.08 billion. This constitutes a drop of 21.6%.

The value of exports increased by 45.3%, reaching $4.32 billion, compared to $2.97 billion, due to an increase in the value of some commodities, such as ready-made clothes by 33.0%, plastics in their primary forms by 28.4%, flat products of iron or steel by 22.1%, and the various pasta and food items by 18.6%. 

However, the value of certain exported commodities decreased, with fresh fruits falling in price 0.9% and fresh oranges by 55%.

Additionally, the value of imports increased by 11.3% in December 2021, reaching $6.73 billion, compared to December 2020’s $6.05 billion, due to petroleum products increasing by 71.2%, raw materials of iron or steel by 93.9%, passenger cars by 50.8%, and plastics in their primary forms by 70.0%.


Source: dailynewsegypt.com

Egyptian Valencia Orange 2022, Strong Season Start

Egyptian Valencia Orange, Quality is the Aim of our United.

To achieve the highest expectations levels of our customer’s satisfaction considered our main objectives to get their trust in our goods…

Egyptian Valencia Orange 2022

this only can be done by using the latest technologies in sorting and selecting the best quality Egyptian citrus products.

Egyptian Valencia Orange 2022