Red Sea crisis, half a billion in exports at risk, transport times and costs increase in Italy

Published 2024년 1월 15일

Tridge summary

The attacks by the Houthis in Yemen on ships in the Red Sea are putting around half a billion euros worth of Italian fruit and vegetable exports at risk, with shipments destined for the Middle East, India, and Southeast Asia. The longer maritime routes required to avoid the Suez Canal due to the attacks have led to increased costs and travel times, with a significant impact on the freshness and competitiveness of the products. Italy has exported over 217 million kilos of fruit to the affected markets, with apples being the main product and Saudi Arabia, India, and the United Arab Emirates as the top destinations.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The navigation difficulties caused by the attacks by the Houthis of Yemen against ships in the Red Sea put at risk around half a billion exports of Made in Italy fruit and vegetables destined for the Middle East, India and South East Asia. This is what Coldiretti estimates on the economic effects of tensions on maritime transport through the Suez Canal, and as anticipated by Corriere Ortofrutticolo based on Fruitimprese data (read news). The lengthening of maritime routes between East and West, forced to avoid the Suez Canal due to repeated terrorist attacks, have led - underlines Coldiretti - to dramatic increases in the cost of maritime transport and travel times. To bring the national fruit and vegetables to India – continues Coldiretti – through the Strait of Suez the time taken was approximately twenty-eight days, now, having to circumnavigate the African continent, it takes more than forty days with the extension of time that could create problems in preserving the fresh ...

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