Egypt: Tomato prices have fallen by more than 50% as we expected, says the head of the Farmers Syndicate

Published 2024년 11월 26일

Tridge summary

The prices of tomatoes and potatoes in Egypt have dropped by over 50% due to an increased supply and decreased demand, coupled with higher productivity due to a moderate climate and advanced variety cultivation. This comes as the winter crop for both vegetables begins, covering 45% and 60% of Egypt's tomato and potato cultivation areas, respectively. Egypt's winter potato crop production is estimated at over 7 million tons, while its tomato production reaches about 6 million tons annually, ranking the country 12th and 6th globally in potato and tomato production, respectively.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Hussein Abdel Rahman Abu Saddam, agricultural expert and head of the Farmers Syndicate, said that the prices of tomatoes and potatoes, as we expected, have decreased by more than 50% compared to their prices in the previous days, noting that the prices of a kilo of tomatoes range between 3 and 5 pounds in the field, while the prices of a kilo of potatoes range between 8 and 10 pounds on his land. Abdel Rahman added that the main reason for the decrease in the prices of tomatoes and potatoes is the abundance of supply with the decrease in demand; as the winter crop of tomatoes and potatoes has begun to be offered in the markets, and its area has increased compared to its counterparts in the previous season, in addition to the increase in productivity due to the moderate climate, and the tendency of farmers to grow advanced varieties with high productivity that are compatible with climate changes and are resistant to diseases. Abu Saddam pointed out that this season's winter crop of ...
Source: Almalnews

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