Analysis

Apple Prices in Columbia Dropped by 9.32% MoM, Increased by 35.85% YoY in Apr-24 Amidst Inflation Rate

Fresh Apple
Fruits
Argentina
Market & Price Trends
Published Apr 19, 2024
The wholesale price of gala apples in Columbia's Manizales market increased by 35.85% YoY in early April 24 to USD 2.14/kg. However, the price decreased by 9.32% MoM, compared to USD 2.36 on Mar-24. This YoY increase is mainly due to higher production costs caused by a high inflation rate. However, since food inflation started to fall in Q4-2023, the price began to drop from Feb-24. In addition, the oversupply of apples originated from the US, which also contributed to the price drop in 2024.
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