Egypt: increase of cultivated area and export contracts, the reasons for low potato prices in the market

Published 2020년 12월 24일

Tridge summary

The article highlights a significant drop in the price of Egypt's potato crop to 70 piasters per kilo due to a decrease in export demand caused by the COVID-19 pandemic and the closure of many countries' ports. This has led to concerns about food security and farmers' reluctance to plant next season. The increase in potato cultivation area has also contributed to the price drop. The Potato Producers General Assembly has appealed to the government to support potato farmers by implementing measures such as the contract farming law, establishing an agricultural solidarity fund, and providing state support to prevent heavy losses and maintain the cultivation of the strategic crop.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The potato crop witnessed a significant drop in prices, reaching the price of 70 piasters per kilo, due to the decrease in export demand due to the closure policies that many countries resorted to with the crisis of the spread of the Corona virus, while experts confirmed that the crop is subject to a dumping policy, warning of farmers ’reluctance to plant next season, demanding intervention Urgent by the state to protect food security. Hussein Abu Saddam, the head of the farmers' union, appealed to the government to take the necessary decisions and measures to get farmers out of the potato frying pan, pointing out that the collapse of potato prices irones the emergence of farmers and threatens the third agricultural future, the most important crop in Egypt after wheat and rice, and the second place in Egyptian exports after citrus. Abu Saddam added that the most important reasons that led to the drop in potato prices, until a kilo of potatoes reached 70 piasters at Ras al-Ghayt, ...
Source: Soutalomma

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