Agricultural crop companies in Egypt follow the impact of the war on their exports to Russia and Ukraine

Published Mar 3, 2022

Tridge summary

Egyptian agricultural exporters, especially potato and citrus exporters, are monitoring the developments of the war between Russia and Ukraine, unsure of the impact on their exports to these markets. Despite the war, exports to Russia increased by 17.5% to $449.5 million in the first 11 months of 2021. However, exporters are prepared to shift to new markets or engage in barter if necessary. The war also poses a challenge for Egyptian companies as Russia is a major supplier of wheat to Egypt, accounting for 80% of imports.

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

Original content

Exporters of agricultural crops to the Russian and Ukrainian markets, led by potato and citrus exporters, are awaiting the developments of the raging war between the two countries, and the repercussions of this on Egyptian exports destined for the two markets, amid assurances that shipments will continue until now on some shipping lines. And Egyptian exports to Russia during the first 11 months of 2021 recorded an increase to 449.5 million dollars, compared to 382.5 million dollars for the corresponding period of 2020, an increase of 17.5%. Among the 10 most important commodities exported by Egypt to Russia during that period were fresh oranges, with a value of 110.2 million dollars, and potatoes, with a value of 82.6 million, according to data from the Central Agency for Public Mobilization and Statistics. Exporters: Bartering for other goods or resorting to new markets are the most prominent scenarios Samir Al-Najjar, head of Daltex Company for the export of agricultural crops - ...

Source: Almalnews