South Korean agricultural trading platform Tridge has successfully facilitated the first ever export of Egyptian grapes to Brazil. A large food wholesaler in Sao Paulo, Brazil, recently purchased two containers - equivalent to 28 tons - of Egyptian grapes via the Tridge platform. It is the first consignment of Egyptian grapes imported to Brazil.
Brazil rarely imports foreign grapes. However, the demand for foreign grapes is increasing due to the recent extreme weather conditions. A large volume of Brazilian grapes deteriorated this season as heavy rains and cold fronts hit Southern Brazil.
According to Tridge's data, Brazilian grape exports are estimated to have decreased by more than 45% YoY in the first six months of 2022. The price of Brazilian grapes has increased up to 20% YoY in some regions, according to Tridge's data compilation.