Peruvian Grape Prices Fall while China Manages to Raise its Prices in the Market

An overview of the grape market prices differs by variety and country. Peru had to sell Italian grapes cheaper at 1.43 USD/KG, Fox grapes in China rose to 1.41 USD/KG and Thompson varieties in the US were highest at 3.64 USD/KG. The price decline in Peru occurred when the country experienced excess production but demand was stagnant, while the price increase in China ensued due to good weather so that production grew and demand also increased this year. In contrast, relatively high prices in the US are mainly due to successive production cuts while demand remains strong in the market.