After the onion shortage, Egypt closes the potato shortage in Europe

Published May 22, 2023

Tridge summary

Global demand for potatoes is increasing, particularly for processed potatoes and French fries, while crop production is stable or declining in some countries, leading to a shortage in the EU. Egypt emerges as a potential solution, offering high-quality potatoes at competitive prices. The Egyptian government is also taking steps to increase production, including desert land reclamation projects. However, current production volumes may not fully cover the shortage in Europe.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

“Global demand for potatoes is increasing, while crops are stable and declining in some countries. In particular, demand for processed potatoes and French fries continues to grow year-over-year, with prices reaching record levels in 2023. EU plants usually cover their demand locally, but due to factors such as weather conditions and new nitrogen regulations, production in the EU is already insufficient. Europe has been particularly affected more than others because it is an exporter of potato by-products such as French fries.” In this context, the millions of tons of potatoes grown in Europe are no longer enough, especially after the reduction of volumes in France and Northern Europe due to long hot summers and drought. Then Egyptian potatoes are discovered by European consumers, and Abdelhai wants to reassure: "Egypt is the most reliable source to cover the shortage in Europe." The producer says: “We have a very attractive price, averaging €320/t FOB in 2023. At the same time, ...

Source: Infoindustria