Farmers in Egypt and Peru are suffering millions of dollars due to the cessation of imports of oranges and avocados

Published 2022년 3월 27일

Tridge summary

The article highlights the logistics challenges global markets are facing, with a particular impact on the fruit export industries of Egypt and Peru. Egypt, the world's largest orange exporter last year, has seen a significant decrease in demand and a loss of the Russian market, leading to a potential undersupply of 40% of its orange harvest this year due to increased costs and market unpredictability. The country is shifting its focus to the European market, but competition is tough and volumes are small. Meanwhile, Peru, a major avocado exporter, has also been negatively affected by the crisis, seeing a decrease in both volume and value of exports to Russia, Spain, and the Netherlands, due to transportation issues and consumer disinterest.

Egyptian orange exporters are struggling with market instability in Russia, currency and payment issues, and cessation of shipping in some ports, coupled with a drop in demand and prices. Some have pivoted to the European market, while attempting to sell to Bangladesh and India, but face low demand and competition from China. The cost of sea transportation and packaging have significantly increased, affecting the overall production cost.

Peruvian avocado producers planned to increase exports this year but have experienced a decline in both volume and value due to problems in maritime transportation to key markets like Russia, Spain, and the Netherlands. This has led to consumer disinterest, resulting in a significant decrease in imports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The rupture of logistics chains around the world has led to the fact that the export of fruits from Egypt and Peru has actually stopped. Egypt was the largest exporter of oranges last year, with nearly 1.8 million tonnes shipped, according to Esra Assaf, export and logistics manager for Egypt's Nile Establishment. This season has been tough for the producers. Decreased as demand, and immediately by 40%, and prices. At the same time, the fruit producer actually lost the Russian market due to the suspension of supplies, the website freshplaza.com reports. According to Esr Assaf, this year the cost of sea transportation, as well as packaging, has risen significantly, which negatively affected the overall cost of production. Whether it is the Russian, European or Asian market, each of them has its own specific problems that Egyptian orange exporters have to face: “Russia is one of the main importers of Egyptian oranges. The current situation in this market is unpredictable due to the ...
Source: Agroxxi

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.