An Economic Study of Bean Crop and Its Future Prospects in Egypt
2023
Mona Mekawy
This research aims to study the key productive, economic, and consumption variables that impact the production of fava beans during the period (2000-2021). It also involves comparing the alternative opportunities for fava bean crops with competing crops in the winter season during the period (2019-2021). Additionally, it examines the most important proposals for expanding fava bean cultivation in Egypt. The study includes forecasting to identify the future expectations for the productive and consumption indicators of fava bean crops during the period (2022-2030). It also analyzes the product's price-to-world price ratio and the marketing margin for fava beans during the period (2000-2021. The results indicate that the cultivated area for fava beans reached its maximum of around 334,000 acres in 2001 and its minimum of about 70,000 acres in 2019, which represents a decrease of approximately 264,000 acres, or 78.7% of the maximum, and around 161% of the average, which is 164,000 acres. When comparing the pound return for fava bean crops in Egypt with the main competing crops in the winter season during the period (2019-2021), the results show that the net return for crops such as winter tomatoes, chickpeas, sustainable barley, winter onions, winter garlic, and lentils amounted to 381,237,161,243,224, and 897 Egyptian pounds respectively, as an average during the mentioned period. The expected post-harvest production reached around 309,000 tons, while the projected self-sufficiency rate is expected to be around 44.6.
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