News

Egyptians sell oranges to the EU at "open prices", 1,150 tons arrived Greece

Fresh Orange
Market & Price Trends
Published Apr 13, 2024

Tridge summary

In the first quarter of 2024, Egypt's agricultural exports to the European Union have seen a notable increase, reaching $1.5 billion, which is a $300 million rise from the previous year. This surge is primarily due to the surplus in Egyptian agricultural production and the competitive pricing of its key exports, especially oranges, which are now more affordable in European supermarkets. This pricing strategy has not only made Egyptian oranges a preferred choice in the EU market but has also led to a 15.69% decrease in Greek orange exports in comparison to the same period last year. Additionally, the article highlights the significant import of apricots from Egypt to Greece, underscoring the growing influence of Egyptian agricultural products in the European market.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to data from Egypt's Ministry of Agriculture and Rural Development, the country's agricultural exports to the EU have seen an impressive increase this year. Specifically, exports increased to $1.5 billion in the first quarter of 2024, marking an increase of $300 million compared to the corresponding period in 2023. As stated by the Minister of Agriculture of Egypt, Sayed Qusier, this increase is due to the surplus of this year's Egyptian production and the great competitive advantage that the country's main products have in the EU, such as oranges. The question is how did the Egyptians manage to make such an increase in their exports to the EU. As Mr. Georgios Polychronakis, Special Advisor of the Incofruit - Hellas Exporters Association, reports to AgroTypos, "the Egyptians managed to send their fruit to the European Union at prices comparable to those of the local market. Indeed, in some cases without having previously determined prices, an unusual practice in Europe. ...
Source: Agrotypos
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