Egypt: When will tomato prices drop and what are the reasons for their madness?

A member of the Export Council for Agricultural Crops revealed in a statement to “Al Mal” the date of the decline in tomato prices, as they will begin to decline after 20 days in light of the arrival of Beni Suef Governorate’s production to the markets. The source added that the reason for the rise in tomato prices is much higher than last year due to the high temperature that led to the crop burning in its early stages, and the second reason is the decline in areas as a result of the decline in revenues and the increase in expenses. He explained that it has become an unpopular habit for Egyptians to increase demand for a commodity whose price is high, which leads to its madness in the markets in the desire to store it, which is the opposite of what is globally common from the awareness of consumers to boycott commodities until they return to stability again. Tomato prices had ranged between 20 and 35 pounds in some areas of the republic, especially remote and distant areas and ...