Global fruit and vegetable trade continues to suffer multi-million dollar losses due to Houthi attacks

Published 2024년 1월 17일

Tridge summary

Continuous terrorist attacks on civilian ships by the Yemeni Houthis in the Red Sea and Suez Canal have greatly impacted global fruit and vegetable trade, causing significant pressure on prices and increased logistics costs for exporters in Europe, Asia, and the Middle East. This has particularly affected Egypt, which is experiencing pressure on citrus fruit and other exports to the United Arab Emirates, Saudi Arabia, and other Gulf countries, as well as Asian countries. As a result, suppliers will need to reshape their marketing strategies and importers in Asia and the United Arab Emirates will have to look for alternative suppliers in other countries, as the threat to civilian vessels in the region is unlikely to be resolved in the near future.

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

Original content

EastFruit analysts indicated that the global fruit and vegetable trade has not found a solution to the problem of transporting goods through the Red Sea and Suez Canal due to continuous terrorist attacks on civilian ships by the Yemeni Houthis. This represents the most significant blow to trade between countries in Europe and North Africa and Asia, as well as several countries in the Middle East. In particular, Egypt is currently experiencing great pressure on the prices of citrus fruits and other fruits and vegetables that have traditionally been exported to the United Arab Emirates, Saudi Arabia and other Gulf countries, as well as Asian countries. We detailed this point in more detail in an article we published previously, titled “Red Sea crisis generates drop in orange exports from Egypt.” The costs of logistics and delivery time for exporting apples from Europe, including Ukraine and Moldova, to Middle Eastern countries, which are the main apple market for these countries, ...

Source: Portaldelcampo