date:Mar 13, 2019
bour costs are relatively low. Add to that the devaluation of the Egyptian pound, and the citrus becomes even more appealingly priced on the global market. Thanks to the decrease in the value of the currency, the fruit became relatively cheaper in, for instance, Europe. On 31 December 2018, the exchange rate was at 20.36 Egyptian pounds for one euro. Two years earlier, the currency ended the year with an exchange rate of 8.50 Egyptian pounds for one euro.
Van Ooijen Citrus also sees the increas