Lebanese agriculture faces heavy losses due to Saudi export ban

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Fruit and vegetable exports from Lebanon to Saudi Arabia are worth round $36 million. Lebanese farmers have been already reeling from the nation’s financial collapse. However, The two and a half month import ban on all Lebanese agricultural merchandise imposed by Saudi Arabia might decimate the struggling enterprise.

Lebanon Isn’t An monumental nation, however As a Outcome of of its geography, local climate, fertile soil and common rainfall, it has The very biggest proportion of agricultural land Inside the area, at round 65% of its complete space of Barely under 10,500 km2, although round half is non-productive. The Lebanese agricultural sector had generated almost $2 billion in revenues in 2019, with exports largely despatched to the Arab Gulf states, collectively with 22% to Saudi Arabia, 17% to Qatar and 12% to Syria.

Following the 2019 monetary collapse, the Lebanese financial system has contracted by about 30% since 2017 and Is predicted to contract further in 2022. Farmers have been hit notably exhausting with the slicing off of their primary export market of Saudi Arabia after The dominion in late October 2021 barred all Lebanese agriculture from Getting into its borders, citing a collection of current drug smuggling makes an try, allegedly hidden in fruit and vegetable shipments.

Lebanese vans Aren’t allowed to traverse Saudi Arabia’s territory, which has hampered their entry to completely different Gulf markets severely as shipments should now journey by sea.

Supply: salaamgateway.com

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