POLITICAL CHAOS DISRUPTS RECOVERING EGYPT EDIBLE OILS MARKET
January 1st, 2011
BY MARIYA PETKOVA, BY PAUL COCHRANE, AND BY KEITH NUTHALL
AFTER the economic crisis hit Egypt's demand for vegetable oil imports in 2009/2010, industry experts from the United States Department of Agriculture's (USDA) foreign agricultural servicepredicted a relative recovery for this sub-sector in 2010/2011. With political chaos now leaving the country's economy in tatters, this may well have been an overly optimistic forecast. Vegetable oils (made from a variety of feedstocks) are an important part of Egyptian cuisine. With Egyptian consumer spending hit hard ...
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