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Fruit and vegetable prices rise in Egypt as supply shortages persist ahead of Ramadan

In Egypt, the rising cost of fruits and vegetables is causing concern among consumers, with inflation expected to climb further despite weakened demand. Supply shortages, stockpiling by producers, and seasonal factors have driven up prices, particularly as traders prepare for the anticipated 50% spike in consumption during Ramadan.

Garlic prices have surged, while lemon prices have also increased due to supply shortages and higher demand in the winter months. Conversely, onion prices have dropped following an increase in supply. The cost of tomatoes, potatoes, and other staple vegetables remains volatile as farmers and traders adjust to fluctuating market conditions.

Rice, a key component of Egyptian cuisine, has seen a sharp mid-season price jump of $65 per ton, pushing retail prices of loose rice to $0.97–$1.10 per kilogram and packaged rice to $1.15–$1.22 per kilogram. The Ministry of Supply is considering rice imports from India to stabilize prices and has imposed a $50 per ton customs fee on local rice exports to secure domestic supply.

The availability of imported fruits in major markets has declined due to the depreciation of the Egyptian pound, higher customs duties, and difficulties in securing dollars for import financing. This has made importing fruits increasingly difficult, resulting in significant losses for traders. Despite these challenges, prices for some fruits, including oranges, mandarins, and bananas, remain high.

In response to escalating food prices, the government has introduced "one-day markets" on the outskirts of densely populated areas, offering essential goods at reduced prices. Organized by the Ministry of Local Development in coordination with other ministries, these markets have reportedly lowered prices by 30% compared to regular retail stores.

These rising costs in fruits and vegetables are contributing to inflation, which has remained high for the fourth consecutive year, further straining household budgets as the country prepares for Ramadan.

Source: Watan

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