Blueberry Prices in EU Holding Steady but Large Volumes From Peru Expected

The Dutch and Belgian markets are recording high sales prices and good product rotation for blueberries. This is due to the fact that European volumes from Portugal, Poland, Belgium, and the Netherlands are beginning to decline together with limited arrivals from overseas markets such as Argentina and Peru. Portugal and Poland should end their production season in W37 while the Netherlands and Belgian production is expected to end within two weeks.

The observed prices for European blueberries vary between USD 5.10-8.10/kg (bulk) depending on the origin and variety, with Portugal being the most expensive (Emerald, Rocio). Blueberries sourced outside of Europe oscillate between USD 6.10-7.10/kg (bulk) depending on the quality of the product, with the quality of Argentinean blueberries reported as unsatisfactory. The 12x125grs box from Peru moves between USD 12.20-13.70 depending primarily on size.

Although prices in W37 are considered good, importers are expecting prices to decrease from the second week of October when the arrival of massive volumes from Peru are expected. Peru is currently exporting to Asia and the US due to better market prices. However, once these markets begin to get saturated, volumes will be diverted to Europe. It is expected that by week 39, 80% of the blueberries sold in Europe will come from Peru.

There is much suspense regarding the impact that Peru may have on the European market that, to date, retailers are reluctant to close a seasonal price, mainly due to information indicating an increase in production from Peru in 2022.