Egyptian Navel and Valencia oranges were a “great alternative source” of oranges for UAE buyers, Samel Saadedin from the Al Jabali Trading Group told Fresh Plaza. The Egyptian oranges replaced Spanish imports that were “sour.” The agrifood portal notes that “though the prices from Egypt tend to be low, the market didn’t turn out to be that favorable for importers. Apart from supplying to wholesalers in the UAE, a large part of the revenue of Al Jabali is generated by re-exporting imported produce.” Saadedin added that the market for citrus has been “slow” since January.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
EGX30 gained 2.79% in 3Q, but September gave back most of its July-August run, with mid-caps falling the hardest
Small- and mid-cap indices widened their lead over the benchmark…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…