Egypt: The collapse in tomato prices was expected

Hussein Abdel Rahman Abu Saddam, agricultural expert and head of the Farmers Syndicate, said that tomato prices have collapsed and decreased by more than 50% as we expected, noting that the price of a kilo of tomatoes has now reached less than 15 pounds at retailers after exceeding 30 pounds during the previous period. Abu Saddam added that the reasons for the decrease in tomato prices are due to the beginning of the launch of the winter crop, which has an area of more than 200 thousand acres, as a result of farmers’ interest in planting tomatoes after their prices increased during the past months, in addition to the increase in production after the improvement of climate conditions, as well as the small quantities of exported tomatoes, which decreased by less than 3% of the production quantities, with the weak demand for buying tomatoes due to the decrease in temperatures with the onset of winter. Abu Saddam pointed out that he expects tomato prices to further decrease in the ...