The Nile Establishment for International Trade aims to export 60,000 tonnes of oranges worth $27m in 2017, up from 41,000 tonnes at $18.5m in 2016, with an average price of $450 per tonne.
The head of exports and logistics, Nader Shanab, said that the company targets to hit an increase of 46%.
He added that the decision to float the Egyptian pound has encouraged the company to expand in exporting to current markets, such as Russia, the Netherlands, Saudi Arabia, Kuwait, the UAE, Jordan, Iraq, and Yemen, in addition to Sudan and some African countries.
He noted that the company will also open …read more
Source: Daily News Egypt