Expana to launch Egyptian IQF Expana Benchmark Prices

Expana to launch Egyptian IQF vegetable Expana Benchmark. Prices Following a period of feedback, Expana has decided to launch 8 monthly Expana Benchmark Prices (EBP) for IQF vegetables. The publication of the new assessments will start on Tuesday, 31st December 2024.

The initial proposal was announced in a market note published on Friday, 8th November 2024 which can be viewed here.

The proposed specifications for the assessments would be as below:

The assessments will reflect the transactable value at 16:00:00 London time.

Egypt is a significant exporter of IQF vegetables, particularly to European and Middle Eastern markets, due to its favorable growing conditions, relatively low production costs, and strategic location. The assessments will give Expana subscribers a reliable insight into market trends, supply chain fluctuations, and pricing pressures, enabling buyers and suppliers to make informed purchasing decisions and anticipate shifts in market demand. Additionally, it supports benchmarking against other major exporters, helping assess cost-competitiveness and price stability across regions.

IQF vegetables are widely used across the food industry, particularly in the production of ready meals, soups, sauces, and as ingredients in foodservice and retail products. By freezing vegetables individually, IQF processing ensures that each piece retains its texture, color, and nutritional value, making them ideal for high-quality, convenient food applications.

Please send any questions or comments about this market note to [email protected] and clearly state which market note your comments relate to, and if comments are intended for publication by Expana.

Expana will acknowledge receipt of all comments by email.