Onion prices drop after offering Upper Egypt production next April

Published 2023년 3월 7일

Tridge summary

In 2022, Egyptian onion exports ranked third with a volume of 578,000 tons, contributing to a total agricultural export value of $3.3 billion. The increase in onion prices in the market is attributed to the reluctance of farmers to plant due to low prices and an increase in exports. However, prices are expected to decrease with the cultivation of new crops in April and May. The Egyptian onion is exported to 160 markets and has a shelf life of 5-8 months, allowing for year-round supply. The Onion Research Department at the Field Crops Research Institute is involved in breeding high-yielding, disease-resistant, and drought-tolerant onion varieties.

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

Original content

Onion exports rank third with about 578,000 tons of total Egyptian agricultural exports in 2022, which amounted to about 6.5 million tons. They are exported to 160 markets worldwide, at a value of approximately $3.3 billion. During the past few days, onion markets witnessed a significant rise in prices, as the price of onions jumped. A kilo of onions has reached about 15 pounds per kilo, due to the reluctance of some onion farmers to plant onions last year due to the low price at that time and the increase in exports. For his part, Dr. Abdel-Majeed Mabrouk Abu Dahab, Head of the Onion Research Department at the Field Crop Research Institute, said in an exclusive statement to Akhbar Al-Youm portal. Onion prices will decrease, with the introduction of the Upper Egypt onion crop during the month of April, and the production of Lower Egypt will be launched in May as well, pointing out that the cultivated area of onions amounted to 228 thousand acres, and the productivity of an acre is ...

Source: Akhbarelyom