Brazil: Prices of most vegetables and fruits fall at wholesale in July

Published 2024년 8월 16일

Tridge summary

In July, Brazil saw a decrease in the prices of most vegetables and fruits sold in its main wholesale markets, with carrots and tomatoes experiencing the largest drops of 47.69% and 43.96% respectively, as reported by the National Supply Company (Conab). This decrease is due to increased supply for carrots and tomatoes. However, the price of potatoes remained high, increasing by 68% from July 2023. Onions also saw a price drop of 11.14% due to larger quantities in the markets. Amongst fruits, bananas, apples, papaya, and watermelon became cheaper due to increased supply and lower demand caused by school holidays. However, the price of oranges increased by 6.91% due to high demand for processing. From January to July 2024, fruit exports in Brazil saw a decrease of 7.62% in volume but an increase of 3.73% in revenue compared to the same period in 2023.

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

Original content

São Paulo, 08/16/2024 - Most of the vegetables and fruits sold in Brazil's main wholesale markets showed a drop in price in July, repeating the trend of the previous month. The weighted average of prices decreased by 47.69% in the case of carrots and 43.96% in the case of tomatoes, compared to June. The data is included in the 8th Bulletin of the Brazilian Program for the Modernization of the Fruit and Vegetable Market (Prohort), released this Friday (16) by the National Supply Company (Conab). Conab's survey considers the five fruits (orange, banana, papaya, apple and watermelon) and vegetables (potato, carrot, onion, tomato and lettuce) with the greatest representation in sales in the country's main Supply Centers (Ceasas) and which stand out most in the calculation of the official inflation index (IPCA). According to the Bulletin, the drop in carrot prices is explained by the greater quantity of the root in wholesalers. In national terms, the supply of the product to the CEASAs ...

Source: Broadcast