Due to supply problems and the Egyptian pound-US dollar exchange rate

Vegetable prices in Egypt up significantly

Vegetable prices in the Egyptian market have gone up significantly over the past few days due to the lack of supply of some goods and rising costs for agriculture, as well as a sharp drop in the exchange rate of the Egyptian pound against the dollar.

Potato prices were driven up by a lack of supply as traders preferred to export refrigerated summer-season produce. Tomato prices jumped 33%, bringing the price of a 24kg box to £120 compared to £90 on the wholesale market, with consumer prices ranging from £8 to £10 per kilo.

One vegetable trader expected tomato prices to stabilize at a fresh rise before the end of this month, with the possibility of a decline as harvest begins after this period. 

Source: asumetech.com


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