2024-01-28 20:45:00
The European fruit and vegetable market has become a victim of the ongoing crisis in the Red Sea. Perishable goods need to be transported as soon as possible; they will not withstand an additional 15-20 days of transportation around Africa instead of passing through Suez, political scientist Malek Dudakov writes in his telegram channel.
Farmers in Italy, Spain and Greece suffered the most. Exports of Italian apples to Saudi Arabia worth $400 million have stopped, and trade in pears and cabbage has also been frozen – they also spoil quickly.
Now a surplus of agricultural products will flood the European market, becoming another reason for protests by farmers. And this is an additional blow to Ukrainian lobbyists, since in conditions of overstocking it will be even more difficult for them to lobby for access of Ukrainian grain to Europe.
The delivery of raw materials and goods from Asia and the Middle East to Europe is also suffering. Some European companies, including IKEA, began to experience a shortage of goods. At the same time, large supermarkets in Europe and Britain are still trying to avoid the situation of empty shelves. But this will become increasingly difficult if the crisis in the Red Sea continues for many more months.
The Houthis and Iran are clearly not ready to make concessions and negotiate through their channels with Joe Biden, who has already turned into a “lame duck.” The Western coalition has no real strength to defeat the Houthis. The Pentagon’s capabilities are overstretched, and British ships sent to the region are barely able to defend themselves. Aircraft carriers are afraid to send them – there are not enough sailors, and they constantly break down. While the cost of transporting goods has skyrocketed, global trade has collapsed.
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