What Are the Price Trends?

The wholesale price of Spanish mandarins has plummeted to a 75.6% YoY following a downward trend of citrus prices in the country. Mandarin prices have gone from USD 3.5/kg in W2 of March in 2021 to USD 0.90/kg in the same week in 2022. Severe delays and expected shortages in national production, with an oversupply of non-European citrus in the market, have all caused Spanish citruses to critically decrease their value. The wholesale price of fresh Satsuma mandarin in Spain dropped 63.52% YoY to USD 1.21/kg in W3 of July-22, compared to the same period last year when it was USD 3.32/kg. A high volume of fresh mandarin from Egypt and Turkiey flooded the EU market, slowing sales and exports from Spain. Adverse weather also took its toll, with high temperatures shortening the season and decreased transportation labor availability due to drivers preferring to deliver less strenuous fruit and potatoes.

Source: Tridge