Egypt: 60% drop in tomato and potato prices as new crops begin production

Written by - Dina Karam: Hatem Naguib, Vice President of the Vegetables and Fruits Division at the Federation of Chambers of Commerce, said that the price of a kilo of tomatoes decreased by 60% to reach 17 pounds, compared to 40 pounds before the decrease, and potato prices decreased by 50%, as the price of a kilo became 18 pounds after reaching 35 pounds. Naguib attributed this decrease to the abundance of supply coinciding with the onset of winter and the start of production of new crops, which witnesses abundant production of crops such as potatoes, tomatoes, cucumbers, eggplant, zucchini, peppers, and lettuce, which enhances price stability in the coming period. Naguib stressed that the markets will continue to record gradual decreases in light of the continued flow of winter crops. This decline comes after a sharp rise in the prices of tomatoes and potatoes during the months of August and September, as the price of a kilo of tomatoes ranged between 35 and 45 pounds, and the ...