War in the Red Sea, another economic blow for Greek producers

Just as the war in Ukraine affected Greek exports of agricultural products, the war in Yemen will also affect them. We remind you that even before the Ukrainian war, from 2014, with the economic measures taken by the Commission against the Russians, we had the Russian embargo, the economic effects of which were felt very well in their income by Greek fruit and vegetable producers (peaches, grapes, strawberries, etc.). Israel's invasion of Gaza brought drone and missile attacks from Yemen-based Houthi fighters. This has had the effect of changing shipping data for transport through the Red Sea and the Suez Canal, through which about 10% of world trade passes. Due to the high risk, ships avoid going through Suez and are forced to circumnavigate Africa. "The war in the Red Sea directly and indirectly affects Greek exports", says Mr. Georgios Polychronakis, Special Advisor of the Incofruit Exporters Association - Hellas, to AgroTypos. And he adds: “Transportation costs have almost ...