Rainy Weather and Stagnant Market Demand Hurt Greek Grape Exporters
Fresh Grape
Greece
Sustainability & Environmental Impact
Market & Price Trends
Theodoros Damvakaris
Published Sep 6, 2022
Rainy weather in Greece during the last week of August has complicated the supply of seedless grape varieties. The quality of traditional varieties such as Thompson and Red Crimson from open air vineyards are negatively affected by rain and high air humidity. Producers in the Peloponnese region have resorted to cut, store and distribute their produce as quickly as possible to prevent losses. However, buyers in Germany and Austria, who traditionally absorb these spot deals, are not doing so this season due to stagnant demand from the West European retail sector.
The UK market introduces further uncertainty into the 2022 season. Port strikes and land logistic inefficiencies make the supply of Greek grapes on fixed price terms programs too risky and too difficult to support. Retailers will not absorb the cost increases that this high risk brings. Thus, Greek suppliers are awaiting opportunities from Dutch wholesalers instead. However, Greek suppliers do not want to dismiss the option of direct sales to the UK since there are no safe markets this season and eventually they will take position in the UK.
In the Kavala area, EXW prices are expected to remain stable for the month of September at USD 2,05/kg for red seedless and USD 1,85/kg for Thompson white seedless.
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