Juhayna Food Industries (JUFO.CA) is currently considering increasing the prices of most products by c20% in 2016, according to its CEO Seif El Din Thabet who said that the move comes as a result of FX shortages and EGP devaluation, which has led to a c20% increase in production costs during the past period. On another note, Juhayna achieved a 20% Y-o-Y sales increase in the first two weeks of Ramadan 2016, which is less than the company’s forecasted 33%. Thabet further added that the company is looking to export to new African markets, such as Tanzania and Kenya, in addition to a number of COMESA countries, to compensate for exports to war-torn Arab countries such as Libya and Syria. (Al Borsa, Daily News Egypt)   Juhayna: EGP7.15 as of 21 June 2016, Rating: Buy, FV: EGP9.50 per share, MCap: USD758 million, JUFO EY / JUFO.CA