The recent devaluation of the Egyptian pound has boosted the competitiveness of Egyptian oranges in Europe, leading to a significant increase in exports to key markets such as France, Germany and Belgium. This situation has put additional pressure on citrus growers in Castellón, Spain, who are facing increased competition and a decrease in farm gate prices. Factors such as government investments in agricultural infrastructure, low production costs due to lower wages and Egypt's strategic geographical location have contributed to the success of its orange exports.
Despite the advantages enjoyed by Egyptian growers, the currency devaluation has also had negative repercussions for local growers, particularly in the increased cost of imported packing crates. Citrus production in Egypt is projected to increase in the current season, thanks to favourable weather conditions and the expansion of citrus growing areas.
The situation has generated concern among representatives of the Agri-Food Cooperatives in Spain, who warn about the impact of massive citrus imports on the domestic market. Market saturation and lower prices at source threaten the economic viability of Spanish growers, who are already struggling with rising production costs and the adverse effects of the weather.
Original article in El Periodico Mediterraneo.
