The Egyptian onion season is progressing well with stable demand, says Mina Antony, CEO of E2M. After a 6-month ban on exports, the campaign started at the beginning of April with abundant volumes.
'Demand remains solid, and the campaign is progressing smoothly. The long ban on Egyptian onion exports left a gap in the market that we're currently filling. In our case, demand is coming mainly from Canadian and European markets. With the exception of the instability of exchange rates, we're not facing any major challenges this season,' says Mina.
Egypt and the Netherlands are competing fiercely in the West African markets, according to Mina. 'Our prices for West Africa are lower than last season, but we are still unable to load much to these markets, where onions from Holland are cheaper."
This is especially true of the Mauritanian market, where onions are consumed on a massive scale, adds Mina.
After a shortage of onions caused prices to rise and exports to be banned, Egyptian producers have prepared for the ongoing season by significantly increasing their acreage. However, according to professional sources, volumes have not increased in the same proportion as the increase in acreage, due to a loss of yield linked to climatic conditions.
For more information:
Mina Antony
E2M
Tel: +201271227787
Email: [email protected]
www.e2m-eg.com