Industry Dynamics

China's government is discussing permits for millions of tonnes of additional corn imports over the next year, three industry sources told Reuters, amid a surge in animal feed demand and after storms and drought damage tightened domestic supplies.

Exports of Egypt's top 20 food commodities reached $242 million in September, the General Organization for Import and Export Control (GOEIC) said in a report Sunday.

It comes after positive consultations, under the auspices of the United Nations Mission in Libya, which took place last month in the Egyptian city of Hurghada, on the Red Sea coast, which dealt with security arrangements for oil fields and ports.

The regional commander of the Customs Brigade in Tangier-Tetouan-Al Hoceima, Colonel Abdelkader Battani, said the operation is linked to three other interventions carried out in the past week.

The COVID-19 pandemic has made self-sufficiency a priority, now more than ever. Accordingly, investing in basic goods can be quite a safe option in the upcoming period, as a global recession is highly expected.

Egypt exported electrical energy worth $6.407 billion, compared to $8.1 billion in July 2019, marking a decline of $1.69 million.

According to the UN agency, a vast majority of food loss across Africa happens between harvest and the point of sale, while very little is wasted by consumers after purchase.

Souss-Massa officials met last week in Agadir, southwestern Morocco, to discuss a new aquaculture project. The new project involves the establishment of a packaging factory and valuation units for aquaculture products in Imi Ouaddar.

There will be no fuel shortage in the country following an huge oil spillage at Samburu, the Kenya Pipeline Company (KPC) has assured.