Houthi Policies Threaten Mango Pulp Industry in Hodeidah with Bankruptcy

The food processing industry in Hodeidah Governorate is facing a significant setback due to severe financial losses incurred by a local mango pulp production factory. Accusations have been leveled against the Houthi militia, alleging deliberate actions to undermine Yemen's production sector in favor of imported goods.

Informed sources indicate that the factory is experiencing a sharp downturn, threatening it with bankruptcy. This situation arises as the Houthi militia has flooded local markets with imported products from India, facilitating their influx. This has crippled the national product, rendering it unable to compete and leaving approximately 10,000 tons of ready-to-market mango pulp warehoused for over a year.

The financial figures illustrate the magnitude of the economic catastrophe that has befallen the project. Investments exceeding 3.5 billion Yemeni Riyals have been lost. These funds were previously allocated to construction, operation, and direct procurement of crops from Tihama farmers, a move intended to bolster the economy and create employment.

This decline highlights a significant disparity between the Houthi militia's rhetoric supporting self-sufficiency and national industries, and their actual practices of inundating the market with foreign alternatives. This trend jeopardizes the complete collapse of agricultural supply chains and the bankruptcy of investment projects across the country.