Suez Canal crisis: the agri-food sector also pays the consequences
Staff Cart-One 18/06/2026 0
The Suez Canal, one of the most crucial waterways in the world, is currently at the center of a crisis that is significantly affecting global trade.
Suez Canal crisis: the agri-food sector also pays the consequences. Military actions by the Yemeni Houthis have caused damage to commercial vessels and are jeopardizing international trade routes. In particular, the agri-food sector is among the hardest hit, with repercussions extending all the way to Italy. Read also: “Climate change and environmental impact: summer 2023 the hottest in history”
The current situation in the Suez Canal
The Yemeni armed group Houthi has entered the conflict between Israel and Palestine, attacking commercial vessels in the Suez Canal. While the Israeli defense system repelled Yemeni missiles during the conflict, commercial ships have sustained severe damage. Shipping giants like BP and MSC have suspended navigation in the area, causing a significant drop in the number of vessels crossing the canal.
Impact on the Italian and global economy
Tensions in the Suez Canal can have major implications for the Italian economy. The Suez Canal handles over 12% of world trade and over 40% of Italian maritime trade. In 2022, this value stood at 82.8 billion euros, with the transit being vital for Italian exports to Japan, China, India, and the Middle East.
Risks for the fruit and vegetable sector
The consequences of the crisis are also reflected in the Italian fruit and vegetable sector. Fruit exports to the Far and Middle East have suffered significant delays, with transit times increasing and transport costs rising. The Italian agri-food industry, which exported over 217 million kilograms of fruit last year, risks facing substantial losses.
Future outlook and trade adaptations
Trade operators are considering a revision of transport routes, anticipating longer journeys and increased costs. The closure of the Suez Canal has already caused a traffic reduction in the Red Sea, with potential negative effects on Italian ports such as Gioia Tauro, Taranto, Brindisi, Trieste, and Genoa.
Operation Prosperity Guardian and operator doubts
The United States launched Operation Prosperity Guardian to ensure the safety of commercial vessels, but over 130 ships have preferred to circumnavigate Africa instead. Shipping lines, such as Maersk, MSC, and Hapag-Lloyd, are applying surcharges due to the additional costs resulting from route diversions.
Economic impacts of the 2021 Suez Canal blockage
The blockage of the Suez Canal in 2021, caused by the grounding of the ship Ever Given, demonstrated the significant impacts on world trade. Estimated economic losses during the six days of the blockage amounted to billions of dollars, highlighting the vulnerability of key trade routes. In conclusion, the crisis in the Suez Canal is already causing notable repercussions across various sectors, particularly on the Italian agri-food industry. As the world seeks solutions to this situation, it is crucial to closely monitor developments and adapt to the new challenges of international trade. See also: “Sustainability: recycling and reuse for a second life of materials”
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