The global fruit and vegetable trade continues to suffer multimillion-dollar losses due to Houthi terror

Published 2024년 1월 16일

Tridge summary

Ongoing terrorist attacks by the Yemeni Houthis on civilian ships in the Red Sea and Suez Canal have disrupted global fruit and vegetable trade, particularly between Europe, North Africa, Asia, and the Middle East. This has resulted in increased pressure on prices for citrus fruits and other produce in Egypt, as well as higher costs and delivery times for exporting apples from Europe and other regions to the Middle East. Suppliers from Turkey, Asia, East Africa, and India are also facing serious problems, and the threat to civil vessels is not expected to be resolved soon, leading to the need for suppliers and importers to find alternative strategies and sources.

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

Original content

EastFruit analysts note with regret that the global fruit and vegetable trade has not found a solution to the problem of transporting goods through the Red Sea and the Suez Canal due to ongoing terrorist attacks on civilian ships by the Yemeni Houthis. This will cause the most significant blow to trade between the countries of Europe and North Africa and Asia and a number of countries in the Middle East. In particular, Egypt is currently experiencing pressure on the prices of citrus fruits and a number of other fruits and vegetables that have traditionally been exported to the UAE, Saudi Arabia and other Gulf countries, as well as to Asian countries. We wrote about this in more detail earlier in the material “Egypt and Asia in the Orange Crisis.” The cost of logistics and delivery time for exporting apples from Europe, including Ukraine and Moldova, to the countries of the Middle East, which are the main market for apples for these countries, have also increased significantly. ...

Source: Eastfruit