Egypt postpones decision to stop export of onions, leading to market confusion ...Egypt

EGYPT INDEPENDENT - Economy
Egypt postpones decision to stop export of onions, leading to market confusion
source : EGYPT INDEPENDENT ( Egypt ) () 64
The Ministry of Trade and Industry announced it had postponed the implementation of a decision to stop the export of onions for a period of three months until the beginning of October. The announcement caused confusion in the markets, as the price of a ton of onions decreased by about LE 5,000, while prices varying in retail with per kilogram ranging from LE 22 to LE 30. A source within the Ministry of Trade and Industry explained that the decision to postpone the decision came as a continuation of contracts for Egypt’s exports of onions, especially with the end of the crop’s export season approaching. The decision to stop the export of onions will enter into force immediately upon the issua

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