EGYPT – City Farm, an Egyptian company specializing in exporting frozen vegetables to the US, aims to increase its sales in that market to USD 50 million this year, representing a 43% growth from USD 35 million in 2022.

The company has been operating in the US market since 2021, where it has achieved annual sales of USD 28 million. It has consistently experienced a remarkable demand for its products up to the present.

The company’s CEO, Mahmoud Lamei, stated that City Farm exports a variety of Egyptian agricultural products to several states in the US, including New York, New Jersey, Florida, Chicago, Texas, and Michigan.

Some of the products that the company offers include molokhia, okra, taro, spinach, falafel, green beans, grape leaves, bottled juices, and peas.

These products are popular among Arab and Egyptian customers, who account for most sales in well-known commercial chains in the US. Additionally, there are also customers from other nationalities who are interested in Egyptian cuisine.

“The company has an ambitious expansion plan to enter the European and Gulf markets shortly, leveraging the quality of the Egyptian product and its strong presence in the US market,” Mahmoud announced.

He added that the company’s total production capacity exported from Egypt is about 1,300 tonnes per year. He also mentioned that the government is actively working to increase this amount in accordance with its policy to enhance foreign currency sources.

“City Farms’ total investment is USD 250 million, which includes annual sales and transportation assets,” Mahmoud said.

He explained that the company uses the ports of Alexandria and Damietta to ship its products to the US, where they are received at the ports of New York, New Jersey, and Florida.

According to a report by Oxford Business Group, the government also plans to increase the volume of agricultural production by 30% between 2020 and 2050, and the sector’s share of exports from 17% in 2020 to 25% in 2050.

The US market is one of the most important markets for Egyptian food products, as it ranked second among the countries that imported Egyptian manufactured foods in 2022, with a total value of USD 4.2 billion.

Other markets for Egyptian fresh produce export as outlined by the State Information Service (SIS) include the Arab markets, which accounted for 54% of the total food exports with a value of USD 2.225 billion in 2021.

The European Union also imports from Egypt with a value of USD 634 million, and a growth rate of 29% and representing 15% of Egypt’s total food exports as at 2021.

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