Egyptian onions find no takers for export

Published 2024년 9월 2일

Tridge summary

The article highlights the challenges faced by Egyptian producers and exporters as the country resumes its onion exports after a three-month ban due to a domestic shortage last year. This year, increased planting has led to a projected domestic production of over three million tonnes, but there is currently sluggish demand, particularly from traditionally large markets like Saudi Arabia. This lack of demand has resulted in falling prices, causing concern among producers and exporters. The season is expected to end with a surplus of unsold onions.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After a three-month export ban, the Egyptian onion season resumed in April, marking the return of this flagship product to the global market. However, this long-awaited restart is not without challenges for Egyptian producers and exporters, who are facing a complex situation. Last year, Egypt experienced a shortage of onions, which led to skyrocketing prices on the local market. This crisis prompted the government to impose a temporary ban on exports in order to protect domestic consumption. “Onion stocks were so low that prices reached unprecedented levels, forcing the government to intervene,” Mohamad Hassan, Export Manager at Al Gamal, tells Freshpalza. This year, the situation seems to have changed dramatically. Motivated by the high prices of the previous season, many farmers decided to plant onions, leading to an estimated domestic production of over three million tonnes, one million tonnes more than last year. “There seems to be a surplus of production this year,” confirms ...
Source: Agrimaroc

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.