There is almost no demand for a large crop of Egyptian onions

Published 2024년 9월 1일

Tridge summary

An article from FreshPlaza reports on the increased cultivation of onions in Egypt due to last season's scarcity and high prices, resulting in a significant surge in production by over a million tons compared to the previous season, totaling more than 3 million tons. However, this surge in production has led to a situation where there is a surplus of Egyptian onions, coupled with a diminished demand in the market, particularly in Saudi Arabia. Consequently, prices have plummeted, leaving producers and exporters in a predicament, facing the challenge of offloading their unsold stocks to meet the demands of the local market.

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Original content

This was told by Al Gamal export manager Mohamad Khacsan, writes FreshPlaza. "Many producers are growing onions this year because of the shortage and high prices last season. The volume is estimated at more than 3 million tons, which is one million tons more than last season," he noted. At the same time, excessive harvest is accompanied by low demand. "There is almost no demand for Egyptian onions," says Mohamad Hassan, "and we end up with a lot of onions on our hands. If we take Saudi Arabia as an example, it is a safe market that attracts large volumes of onions from Egypt, but there is no demand this year.” As a result, prices fell compared to the previous season, the expert explains. "The current season started with lower prices than the previous one. This was not a cause for concern and was quite ...

Source: AgroPortal.ua