Will European potato seed prices fall after increased imports?

Published 2024년 11월 26일

Tridge summary

The Ministry of Agriculture in Egypt is planning to import 135 tons of potato seeds from Europe to decrease the rising seed prices, which have increased by over 44% from the previous year. The imported seeds, expected to be planted in December 2024 and harvested in summer 2025, will primarily be used for export to European and Arab markets. The high demand for potatoes and tomatoes has led farmers to double their cultivated areas, potentially causing a surge in supply and a decrease in prices. The Ministry is regulating the market and has set the seed price for small farmers at about 69.5 thousand pounds per ton.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

A number of sources in the Ministry of Agriculture expected to Al-Mal that potato seed prices will decline, after the Ministry of Agriculture announced its intention to increase European imports to 135 tons recently. The sources added that the prices of free potato seeds in the markets currently record 130 thousand pounds per ton for excellent types, up from 90 thousand in 2023. These European seeds will be planted next December and will be collected in the summer of 2025. The lion's share of them will be exported to the European and Arab markets. Agricultural crops are currently witnessing an unprecedented demand for tomatoes and potatoes. It is noteworthy that potato seed imports for the 2024-2025 season recorded approximately 37 thousand tons for dozens of varieties approved by the agricultural quarantine since the beginning of imports until November 23, as a result of the expansion of areas and the availability of dollars for importing entities. Informed sources at the Potato ...
Source: Almalnews

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