Consumers in Egypt outraged and farmers happy with high onion prices

Published 2023년 6월 2일

Tridge summary

Egypt has become the main supplier of yellow onions to Eastern Europe and the EU, leading to high profits for local farmers due to high demand and devaluation of the local currency. However, domestic consumers are unhappy with the fourfold price increase and the quality of onions. The increase in prices is due to the high export prices and the high cost of inputs for growing onions, which have also increased in price due to currency devaluation. The main markets for Egyptian onions have traditionally been the Middle East, the UK, and Russia, but this year Ukraine, Poland, and other EU countries have also become importers.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Egypt, according to EastFruit, is now the main supplier of yellow onions to the markets of Eastern Europe and the European Union. Local onion producers are very pleased with the season, which is already drawing to a close in Egypt, as they have managed to make very good money this year due to the high demand for their products. Moreover, due to such a high demand, even complaints about the quality of the supplied products were received much less frequently than usual, since importers also made good money on onions from Egypt. However, domestically, millions of people are extremely dissatisfied with the situation with the price and quality of onions, and they say that low-income citizens cannot afford to buy this vegetable, which is indispensable for cooking local dishes. The fact is that the factor of the devaluation of the local currency was added to the factor of the growth of wholesale prices for onions in Egypt, provoked by a sharp increase in exports. The Egyptian pound ...

Source: Eastfruit