Exports of Egyptian oranges increased in the EU

Published 2024년 2월 15일

Tridge summary

Egypt's citrus exports, particularly oranges, are facing significant challenges due to tensions in the Red Sea and attacks on ships by the Houthis, leading to a 30% reduction in Suez Canal ship traffic and a 40% drop in revenues in the first half of January 2024. Despite increased demand in Asian markets and the upcoming Ramadan period, exports are moving slowly. However, a decrease in Spanish and Moroccan production due to weather issues and expected increased demand during the 2024 Olympic Games in France may help offset these challenges.

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Original content

Egypt's exports are facing problems at this time due to the tension in the Red Sea. The Houthis have been attacking ships with various types of ballistic missiles and drones since November. Mr. Osama Rabie, head of the Suez Canal Authority, said that maritime transport has been affected by the tensions in the Red Sea. From 1 to 15 January 2024 alone there was a 30% reduction in the number of ships passing through the canal. This had the effect of reducing revenues by 40% in this period. The Suez crisis has caused enormous difficulties for Egyptian citrus exporters. Although there has been increased demand in Asian markets (also due to the Chinese New Year) orange exports are moving at a slow pace. The same is expected to happen with the demand in Ramadan which starts from March 10 in Islamic countries. This results in Egypt's orange exports being concentrated on European markets. At this time, Valencia and Navel oranges are traded in Egypt. The increase in quantities brought about ...

Source: Agrotypos