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MTI bans bean exports for three months
5 October 2020  -  Sector :  -  Entity :  -  Category : General

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In coordination with the Ministry of Supply, the move aims to cover consumption needs of staple commodities during the coronavirus pandemic.

Cairo- Oct 5, 2020

Minister of Trade and Industry Nevine Gamea has issued a decree banning the exports of beans for three months, as of publication in the official gazette.

It allows the export of any surplus quantities, determined by the Ministry of Supply and Internal Trade and approved by the Ministry of Trade and Industry.

“The move comes after coordination with the Minister of Supply and Internal Trade, and aims to cover consumption  needs of staple commodities during the coronavirus pandemic,” Gamea said.

She further added that the decision will help keep a five and half months of strategic reserves of fava beans and push down its global prices, which will positively affect its selling prices at home.


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