Attacks by Houthi rebels in Yemen on commercial vessels have resulted in many shipping companies rerouting away from two of the world's busiest shipping routes — the Red Sea and Suez Canal. The risks posed by these attacks (primarily in the Bab al-Mandab corridor) have disrupted global trade and the supply chain, including Egyptian citrus exports. Given the challenges of accessing certain key markets, primarily in Asia, FAS/Cairo is amending its forecast for Egyptian orange exports for marketing year 2023/2024 (October to September) – reducing the forecast by 250,000 metric tons (to 1.75 million tons).
Egypt's marketing year (MY) for citrus runs from October through September, and Egyptian orange exports reached 126 countries in MY 2022/23, compared to 104 countries in MY 2021/22. The top orange export destinations in 2022/23 were the Netherlands, Russia, Saudi Arabia, India, United Arab Emirates, Spain, Bangladesh, Syria, China, and United Kingdom.
Due to the trade disruptions in the Red Sea, FAS/Cairo is amending its forecast for Egyptian MY 2023/24 citrus exports and reducing the total export volume by 250,000 MT (or 12.5 percent) – to 1.75 million metric tons.
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Source: apps.fas.usda.gov
