Mohamed Foaad, CEO of Egyfarm for Export and Trade, confirmed that Egypt is not facing much competition in pomegranate exports this year, due to the climatic factors that were in Egypt’s favor and outperformed Spain and South Africa.
Mr. Foaad explains: “Spain had a drought problem this year, and South African farmers had technical issues that resulted in low quality and size. On the other hand, Egypt has seen a quantitative and qualitative improvement in production. This year, there is no real competition.”
“As a result, countries such as Indonesia, the Netherlands, and England will significantly increase their import volumes of Egyptian pomegranates, according to Mr. Foaad. These countries will join major consumers of Egyptian pomegranates such as Russia, Ukraine, China, and Saudi Arabia.”
But will this have an impact on prices? According to Mr. Foaad, the abundance of Egyptian pomegranate will not translate into lower prices, quite the contrary. “Prices are starting to rise. We expect a price increase of up to 35%. This is due to the lack of competition, but also to the great demand of the local Egyptian market, which has taken off with an unprecedented pace.”
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