EGYPT’S BIO-BASED OILS AND FATS MARKET GROWS, DESPITE DISRUPTION FOLLOWING 2011 UPRISING
March 9th, 2015
EGYPT’S USD1.23 billion oils and fats market has still to recover from the country’s post-revolutionary environment following the January 2011 uprising that ousted President Hosni Mubarak. Since then, Egypt's economy has been on a downward trajectory, affecting consumer demand across the board. In oils and fats, lower purchasing power and a rise in prices has led to higher demand for lower cost oils, while the drop in tourism and fewer people going out to eat due to instability has reduced demand in the restaurant sector.And while the country's burgeoning ...
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