A poor harvest led to record high prices for Polish apple concentrate

Published 2024년 11월 21일

Tridge summary

Poland has finished its apple harvest earlier than expected, with the World Apple and Pear Association predicting a 2.5% decrease in production to 3.2 million tonnes in 2024, the second lowest in a decade. This has led to a significant increase in the price of high-acid apple juice, reaching an all-time high of €2,700 per metric ton, up 48% from the previous year. The price of medium-acid apple juice also rose by 42% to €2,500 per ton. The high demand for apple juice, despite the increased prices, is expected to recover by the end of the first quarter of 2025. In the meantime, the cost of raw materials has dropped by about 20% since November 21, which may stabilize the prices of apple juice in November.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The apple harvest in Poland, the largest producer of the fruit in Europe, was largely completed by mid-October, earlier than usual. In August, the World Apple and Pear Association (WAPA) forecast apple production in Poland at 3.2 million tonnes in 2024, the second lowest production level in a decade. This was reported by Mintec by Expana. Expana's benchmark price (EBP) for high-acid apple juice has now reached an all-time high of €2,700 per metric ton (MT) on October 31, representing a 48% year-over-year increase. Market participants noted that procuring high-acidity apple juice from Poland was particularly difficult, prompting some buyers to turn to Ukraine, which provided limited quantities. Market participants estimate the Polish production of apple juice concentrate at approximately 200,000 tons for 2024/25 MR. Due to the lack of concentrate in Europe, only short- or medium-term contracts are offered. EBP for medium acidity apple juice in the EU increased by 42% year-on-year ...

Source: Agrotimes