With the resumption of Egyptian onion exports, after a 6-month ban, concerns are mounting among other competing origins over the price of Egyptian onions, and whether it will be too low, causing prices to fall.
Abdelkader Alhabony, CEO of the Alhabony Group, said, "The acreage dedicated to onion production has increased by about a third, but volumes have not increased by the same proportion. Yield fell from 22 tonnes per feddan to 13 tonnes on average, due to climatic conditions."
The producer continues, "As a result, prices of Egyptian onion are unlikely to decrease compared to last year. We may even see a slight increase, due to higher production costs, and the appreciation of the Egyptian pound against the dollar."
Alhabony adds that "the excessive demand for Egyptian onions, due to the drop in production worldwide, will also help to maintain prices."
"The absence of Egyptian onions due to the ban on exports has created a great need on the market, not only in terms of volumes, but also since Egyptian quality is superior to many other origins, whether in terms of color, taste, or solidity and shelf life," continues the producer.
Alhabony concludes, "We reassure our customers that we are coming back with very satisfactory quality this year, in the most sought-after varieties, red, white and golden."
For more information:
Abalkader Alhabony
Alhabony Group
Tel: +201090999229
Email: elhboneyabdelkadee@gmail.com
www.alhabounygroup.com/en/