56% rise in orange imports from Egypt chokes EU market
Fresh Orange
Fruits
Egypt
Regulation & Compliances
Market & Price Trends
Published Mar 23, 2024
Tridge summary
Greece's orange exports have seen a 16.9% drop in the 2024 commercial period due to an influx of Egyptian oranges in the European market, a result of the Red Sea crisis. The EU-27 imported 120,984 tons of oranges in the first two months of 2024, marking a 46.4% increase from the same period in 2023. The Incofruit - Hellas Exporters Association is advocating for stricter controls on EU imports to ensure compliance with European regulations.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
Exports of oranges in our country are in a steep decline, which creates "pressure" on producer prices. Oranges from Egypt have flooded the European markets and it is worth wondering why in the recent visits made by Greek politicians to the African country they did not raise the issue with the Cairo government. According to the data of the Incofruit Exporters Association - Hellas, orange exports, from the beginning of this year's commercial period until 22/3/2024, amount to 224,013 tons, showing a decrease of -16.9%, compared to the corresponding last year ( 2022/2023) which was at 269,428 tons. At the moment, the Red Sea crisis is putting pressure on the international movement of goods. As for the fruit sector, large quantities of oranges, sent from Egypt to the other continents, were redirected and ended up on the European market, with the result that the large supply brings "pressures" on prices. About 20% of the production of Egyptian orange production, which was destined for ...
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