Tridge summary
The CEO of Denimpex, Danny Den, has forecasted a rise in garlic consumption in Europe due to immigration-driven population growth, with immigrants consuming garlic in larger quantities than EU natives. However, the world's largest garlic exporter, China, is facing increased duties in the US and quotas in Europe, which could result in insufficient quotas to meet future demand in Europe. This situation is expected to drive up garlic prices due to factors such as higher freight and insurance costs for maritime transportation and the strengthening of the US dollar against other currencies.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Danny Den, CEO of the Dutch fruit and vegetable importer and exporter Denimpex, predicted an increase in garlic consumption in Europe due to population growth due to immigration. Immigrants tend to consume more garlic than natives of EU countries. This is stated in the publication FreshPlaza. It is explained that the largest exporter of garlic in the world is China, which is currently facing increased duties on garlic in the US and quotas in Europe. “The quota of 40 thousand tons for EU licenses is likely to be insufficient in the coming years, as the population of Europe is growing rapidly due to immigration. Immigrants tend to consume significantly more garlic than the native population of the EU. In general, importers face numerous difficulties. However, given the current global situation, anything can still happen,” Danny Den ...
Source: Agrotimes
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