Farmers complain about low potato prices in Egypt: An acre costs us 80 thousand pounds and we sell it for 40

Published 2024년 12월 8일

Tridge summary

The Export Council for Agricultural Crops has announced that potato companies exporting to the European Union will undergo re-evaluation. This is in response to a significant drop in tomato and potato prices, which has led to significant losses for farmers. The low prices are due to the harvesting of the winter potato crop and adverse weather conditions affecting tomato production. The high production costs and low selling prices have resulted in a loss of 50% for potato farmers and 200 thousand pounds for tomato farmers per acre. The article suggests that the establishment of factories to produce tomato products and the creation of new markets could help mitigate these losses.

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

Original content

The Export Council for Agricultural Crops has notified potato companies wishing to export to European Union countries that they will be subject to a re-evaluation by the Agricultural Quarantine. Sources revealed to Al Mal that these companies, which export to European Union countries and have registered stations for exporting potatoes, are required to quickly go to the Agricultural Quarantine Exporters Service Department to submit a request to re-evaluate their station. The governorate markets witnessed a significant decline in tomato and potato prices after the appearance of the winter crop, which is currently being harvested, while farmers complained about the low prices compared to the cost. The prices of refrigerator potatoes in the markets are recorded at 15 and 20 pounds per kilo, and new potatoes are 10 pounds per kilo for the consumer. The sources confirmed that the significant decline in prices is due to the arrival of the winter season of potatoes, which are currently ...

Source: Almalnews