For Egyptian citrus exporters, the Red Sea crisis is casting a shadow over the season. The most worried are those specializing in the Asian market, for whom the passage of ships through the Bab Al Mandab Strait is essential. Mahmoud Elmedany, Globagro's Export Manager, is nevertheless optimistic for the season.
Elmedany says, "The ongoing citrus campaign carries an air of cautious optimism tempered by concerns regarding shipping logistics in the Red Sea region. There's an awareness of potential challenges that might affect transit times and shipping prices in this direction. However, despite these potential hurdles, our expectations remain high for a promising season ahead, with prospects of better farm production volumes, increased fruit sizes, and heightened overseas demand."
Growers have got rid of a thorny issue that marked last season, which was the abundance of small-sized fruits. This will make all the difference this season," says Elmedany, "Compared to the previous season's shortage in larger sizes, this year, we anticipate improved volumes and sizes of citrus fruits. Expectedly, prices might see a marginal increase. One contributing factor relates to the larger fruit sizes, which are anticipated to resonate well across multiple markets. Additionally, considering the exchange rate dynamics between the Egyptian Pound and the US Dollar further influences pricing trends."
This season, Egyptian exporters are benefiting from strong European demand, unaffected by the logistical crisis, and global demand awaiting a solution to the situation in the Red Sea. "The demand for our Egyptian citrus remains strong due to its unique taste and reasonable prices. With improvements in packing and sorting the fruits, their appeal is growing, especially with the expected larger sizes this year. As a newly established company, Globagro is targeting Southeast Asia (including Bangladesh and Malaysia) and Europe as potential markets. We're showcasing a variety of fresh, seasonal fruits and vegetables, plus some frozen (fruits and vegetables) like IQF strawberries and diced onions. The African market is also on our radar, we remain open to opportunities in any market, confident in our ability to meet diverse requirements."
For more information:
Mahmoud Elmedany
Globagro
Tel: +2001063149822
Email: [email protected]
www.globagro-eg.com