El Welely Agricultural Crops targets to expand in dried legumes exports this year in order to compensate for the decline in exports of rice and broken rice following the export ban on rice. Magdy El Welely, head of El Welely Agricultural Crops, said that the company’s exports amounted to $40m in the last year, and it aims to increase that by 15% this year. El Welely explained that the exported broken rice shipments to EU countries in the last season contributed to the increase of the company’s exports, adding that his company’s capacity amounts to 600,000 tonnes of rice and paddy. El Welely also targets to expand into other industries, such as drying tomatoes—so as to reduce the production and storage costs—in preparation for export in the coming period. El Welely began its activity in the Egyptian market in 1957 and operates in the agricultural industry, mainly producing rice and legumes.

Source: Daily News Egypt March 20, 2017 07:18 UTC