Egypt: When will tomato prices drop and what are the reasons for their madness?

게시됨 2024년 9월 9일

Tridge 요약

The article explains the upcoming decrease in tomato prices in Egypt, expected within the next 20 days, due to the arrival of new production from the Beni Suef Governorate. The current high prices are attributed to higher temperatures causing crop damage and a decrease in planting areas due to low revenues and increased costs. The behavior of Egyptian consumers, who increase demand for expensive goods, further drives the price surge. Currently, Egypt ranks sixth globally in tomato production, with a yield of 6.2 million tons annually. The article also mentions a current restriction on exporting Egyptian tomatoes to Saudi Arabia, but there are no plans to cease exporting potatoes or tomatoes at present.

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원본 콘텐츠

A member of the Export Council for Agricultural Crops revealed in a statement to “Al Mal” the date of the decline in tomato prices, as they will begin to decline after 20 days in light of the arrival of Beni Suef Governorate’s production to the markets. The source added that the reason for the rise in tomato prices is much higher than last year due to the high temperature that led to the crop burning in its early stages, and the second reason is the decline in areas as a result of the decline in revenues and the increase in expenses. He explained that it has become an unpopular habit for Egyptians to increase demand for a commodity whose price is high, which leads to its madness in the markets in the desire to store it, which is the opposite of what is globally common from the awareness of consumers to boycott commodities until they return to stability again. Tomato prices had ranged between 20 and 35 pounds in some areas of the republic, especially remote and distant areas and ...

출처: Almalnews