Wholesale potato prices have decreased sharply over the past week, causing Egyptian growers to abandon their crops due to lockdown polices in importing countries. The lockdown measures are negatively affecting the Egyptian product, saturating the local markets and causing low demand.
Growers in Upper Egypt’s Minya governorate have dumped large amounts of their crop after prices collapsed from prices from LE10 (US$0.64) per kilogram to 70 piasters (US$ 0.045) per kilogram, forcing them to clear land to grow other crops to compensate their loss.
Egyptindependent.com cited experts who claimed that the crop is subject to a dumping policy and warned that growers would be reluctant to grow potatoes next season, calling for urgent intervention by the government to protect food security.
Photo source: Dreamstime.com