NORTH AFRICAN COUNTRIES STRUGGLE TO BOOST LOCAL DAIRY PRODUCTION
April 11th, 2023
Egypt’s buoyant dairy market is riding on the back of the country’s high population growth, but inflation and the depreciation of the currency is keeping this growth in sales in check and may depress earlier positive forecasts. The Egyptian dairy market’s value was forecast to be USD5.06 billion in 2023, with annual growth of 4.37%, according to figures from Germany-based statistical service Statista (1) released in Marh (2023). Sales has expanded fast following the Covid-19 pandemic, with dairy and soy food market sales in 2021 being much less - at USD2.4 ...
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