Potatoes of Egypt – how will the shrinking Russian economy affect the sector?

According to various sources, the fall in Russia’s GDP due to its full-scale invasion of Ukraine in 2022 amounted to 3.4-4.5%. Many citizens of the aggressor country had to flee abroad, fearing mobilization into the army and/or political persecution for condemning the crimes of the Russian regime. Also, more than 100 000 Russian citizens have already died in Ukraine. This led to a drop in the incomes of the population, and to a decrease in the Russian population itself.

The double negative effect of the war could not but affect the international fruit and vegetable trade, because the Russian Federation remains one of the largest markets for vegetables and fruits globally. EastFruit experts analyzed the potential impact of economic factors on the supply of potatoes and vegetables from Egypt and on the Egyptian potato and vegetable business in general since Russia is the main market for potatoes and vegetables from Egypt.