Italy: Cherry limited production but high prices

Published 2024년 7월 24일

Tridge summary

The 2024 cherry campaign is marked by limited production, high demand, and stable prices, heavily influenced by climate conditions. From April 29 to June 16, household spending on cherries rose by 20.3%, and volumes increased by 12.3% compared to 2023. The average retail price for packaged cherries went up by 4.8%. A scarcity of Spanish cherries caused a 4% price hike, with Turkish cherries entering the market later. Southern Italy's production faced early shortfalls and faster harvesting due to high temperatures, while northern Italy's initially promising season was later hampered by bad weather.

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

Original content

On the retail sales front, Nielsen data from April 29 to June 16 indicate an increase in household spending of 20.3% Limited production, good demand and sustained prices are the elements that are characterizing the 2024 cherry campaign. The main player is always the climate trend, which has influenced not only the yields, which are down compared to the already deficit last year, but also the start and end of the campaign, both of which occurred approximately two weeks earlier than normal calendars. This is what emerges from Ismea's analysis of the trend of this fruit. Retail sales On the retail sales front, partial data from 29 April to 16 June (source: NielsenIQ) indicate an increase compared to 2023 in volumes (+12.3%) and household spending (+20.3%). Taking into consideration only the product packaged at a fixed weight, the increase in the average retail price had almost the same intensity as that of the origin phase (+4.8%), rising from 8.28 euros/kg in 2023 , at 8.68 euro/kg ...

Source: Terraevita