Opinión

W47 Grape Update: Global Grape Production Set to Rise in 2023/24 Despite Weather Challenges and Shifting Export Dynamics in Peru, China, and India

Uva fresca
Frutas
Brasil
Market & Price Trends
China
Publicado 30 de nov. de 2023
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The production in the 2023/24 Peruvian grape season is expected to increase by 1% due to severe weather conditions, while USDA predicts a 6% YoY rise in China's table grape production to 13.5 million tons. However, local consumption of fresh Peruvian grapes is projected to decrease by 3% YoY to 180 thousand mt. Peruvian grape exports are forecasted to reach 595 thousand tons, a 2% YoY increase. On the other hand, Brazil's grape exports are expected to decrease by 20% YoY in W42. Indian grape growers anticipate a promising season with favorable weather conditions, but concerns about water shortages due to El Niño-influenced rainfall have led to early pruning.

Peruvian Grape Production is Expected to Increase by 1% YoY In the 2023/24 Season

In W47 in the grape landscape, the 2023/24 grape season in Southern Peru began earlier than usual, but severe weather conditions have reduced production. In California and Northern Peru, challenges such as global shortages and quality issues have increased demand for Southern Peruvian grapes. Peru's grape production is expected to reach 775.5 thousand metric tons (mt), a 1% year-over-year (YoY) increase. Local consumption of fresh Peruvian grapes is projected to decrease by 3% YoY to 180 thousand mt. Despite severe weather conditions, the region around Ica is expected to be unaffected by El Niño drought conditions. Meanwhile, Peruvian grape exports are forecasted to reach 595 thousand tons, with the United States (US) remaining the primary export market. Despite adversities, Peru's grape production is expected to contribute significantly to the global market.

USDA Forecasts 6% Growth in China's Table Grape Production for the 2023/24 Season

The United States Department of Agriculture (USDA) predicts a 6% YoY growth in China's table grape production to 13.5 million tons in the 2023/24 season. This growth is attributed to favorable growing conditions, improved production facilities, and technology. The report also predicts a 23% YoY increase in table grape exports to 480 thousand tons due to enhanced quality and extended production. In comparison, imports are expected to decline by over 30% YoY to 120 thousand tons.

In W42, Brazilian Grape Exports Expected to Decrease by 20%

Hamburg-based company Port Internationalreceived its first shipment of grapes from Brazil in W42. Despite a comparable grape supply in 2023, the company experienced a significant decrease in exports, around 20%, compared to 2021 and 2022.

Indian Grape Growers Expect a Promising Season in 2023/24 Season

Indian grape growers prepare for a promising season with favorable weather conditions, including less rainfall and ample sunlight. However, concerns about water shortages due to El Niño-influenced rainfall led to early pruning. Lower freight rates are expected to boost grape exports to the European market, with India becoming a major player. Strong demand is observed in the Russian market, and despite China's strict quarantine rules, exports remain successful. Elongated varieties are also in high demand in China and Southeast Asia, with high prices for early grapes in Nov-23 and Dec-23.

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