Libya's date crisis worsens amid surplus and export ban

The Libyan Ministry of Economy and Trade has decided to temporarily ban the export of several agricultural and maritime resources in order to ensure the availability of goods and maintain balance in the local market. This has raised concerns among farmers and exporters regarding its potential impact on the date sector, which is one of Libya's most important agricultural industries and heavily relies on foreign markets for export. Libya produces approximately 188,000 tons of dates annually, a large portion of which is exported to countries such as Morocco and Turkey. Currently, the sector faces challenges related to storing surplus quantities and hesitations in export decisions, which threaten market stability and exporters' confidence. Sources warn of a possible decline in date prices and the subsequent impact on farmers' investments. The government emphasizes that these measures are temporary and aimed at protecting the local market and stabilizing prices, while closely monitoring supply and demand to promote future production.

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