2024-09-04 22:40:35
Egypt will become an exporter of sweet potatoes to the European Union in 2024, ahead of the United States. One out of two sweet potatoes in Europe is now Egyptian.
About 110,000 tons: this is what Egypt exports in sweet potato toEuropean Unionaccording to an estimate made from July 2023 to May 2024 by a specialized site EastFruit. An increase of 45% compared to the previous period and volumes almost tripled in six years.
This increase was made possible by strong European demand this year – 219,000 tonnes – although the United States, the EU’s main supplier, was less.
The United States has fewer exports
The United States traditionally dominates the market from February to July, but American production has fallen sharply, especially in North Carolina, the state which provides two-thirds of the production. This reduction is linked to the reduction in surface area in the last three seasons and to crops affected by climate hazards. Many American producers would also have favored the domestic market, where prices were better than for export.
According to the almost finished figures from the last campaign, without the month of June, the United States would have exported a third less in the year 2022-2023.
Competitive Egyptian currency
Crime which has benefited Egypt, even if the countries have international seasons which on paper are not really in direct competition.
The benefit of the Egyptian sweet potato was above all its money during the last campaign. Thanks to the reduction of the local currency, it is able to be very competitive and put other initiatives, including the tuber of Europe, in difficulty.
Usually more cultivated areas
Egypt has been able to meet the desire of the Europeans, thanks to the increase in its continued production: for the new season that started, the levels have increased by another 25 to 30% in the country, according to to the importer. My Roots & More) narrated by Fresh.
This Egyptian passion because the potato relationship is maintained by the authorities, who see it as a way to diversify their agricultural production. Already two years ago, at the time of the prices of wheat prices, they have been authorized the incorporation of sweet potatoes in the production of subsidized bread.
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