Red Sea crisis: The war threatens to block Italian exports worth almost 800 million

Published 2024년 2월 7일

Tridge summary

The ongoing Houthi conflict in the Red Sea is posing a significant threat to Italian fruit and vegetable exports to Asia, valued at approximately 800 million. The conflict has forced ships to avoid Yemeni militia attacks by taking a longer route around Africa, leading to a fourfold increase in transport costs on the Mediterranean-China route and extending travel times to India by over 12 days. Additionally, the blockade is disrupting imports of fertilizers from Asia, which make up 15% of Italy's total arrivals, thereby increasing the production costs for agricultural companies.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The Houthi war in the Red Sea threatens to block exports of fresh and processed Italian fruit and vegetables to Asia, worth almost 800 million, due to the unsustainable increase in costs for shipments with ships forced to circumnavigate Africa to avoid attacks by Yemeni militias. The president of Coldiretti Ettore Prandini raised the alarm from Berlin at Fruit Logistica for the summit with representatives of producer organizations on the future of the sector put at risk by international tensions but also by the crazy green policies of the European Union. The blockade of the Red Sea has led to a quadrupling of transport costs on the Mediterranean - China route from the beginning of the year to today - notes Coldiretti -, while arriving in India by circumnavigating the African continent takes more than forty days compared to twenty-eight through the Strait of Suez. The result is that national exports of Made in Italy fruit and vegetables directed to the Middle East, India and South ...

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