Egypt farmers warn of rising tomato prices

The head of the Egyptian Farmers' Syndicate, Hussein Abu Saddam, has warned of a significant increase in tomato prices in the coming days. Current prices for a crate of high-quality tomatoes are approximately 350 EGP, but they are projected to reach 500 EGP, with the price per kilogram potentially rising from 15 EGP to 30 EGP.

Several factors are contributing to this expected surge. Abu Saddam noted that a reduction in cultivated land area is a primary driver, as farmers reduced their planting areas following consecutive seasons of financial losses due to low market prices. Additionally, falling temperatures are expected to slow the ripening process of the fruit, further reducing the volume of supply available in the markets.

While Egypt ranks fifth globally in tomato production, with over 400,000 acres dedicated to the crop, the market remains subject to frequent price volatility. To stabilize the market, the syndicate head suggested expanding local seed production, adopting contract farming, and establishing clearer planting schedules to ensure a steady supply and balance the interests of both consumers and farmers.