Exports of fruits and vegetables from Egypt may rise sharply in 2023

According to EastFruit analysts, in 2023, the export of fruits and vegetables from Egypt may increase significantly due to a change in the government's approach to managing the national currency. During the year, the US dollar against the Egyptian pound doubled. At the moment, in order for an exporter to receive the same amount in Egyptian pounds for potatoes or citrus sold to another country, he can reduce the price in dollars by half compared to the same date in 2022. And this, undoubtedly, gives a serious incentive to focus on export instead of selling products on the domestic market. The higher competitiveness of Egyptian goods in foreign markets is also a good incentive to expand production volumes. Against the backdrop of a rather unfavorable situation on the international fruit and vegetable markets, when, due to economic problems in different countries of the world, caused primarily by Russian military aggression against Ukraine, the demand for vegetables and fruits has ...