Early peaches from Russia is already exported to China, Türkiye, and Egypt

Published 2024년 4월 17일

Tridge summary

The fresh peach export season has undergone significant shifts due to the devaluation of Egypt's currency, resulting in lower international prices that have impacted market dynamics, particularly affecting Turkish exporters. This change has made Egypt's peaches more competitively priced on the global stage, posing challenges to other exporting countries. Meanwhile, China maintains its stronghold on the Central Asian peach market with its higher-priced offerings. Despite this, there is an opportunity for both Turkey and Egypt to penetrate these markets, especially if countries like Uzbekistan and Tajikistan do not ramp up their local production to satisfy domestic needs and capitalize on export potentials.

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

Original content

According to EastFruit analysts, the active export season for fresh peaches has begun in the region. However, this season is completely different from all previous ones, and the main troublemaker in the market is Egypt. As we predicted back in February, Egypt sharply devalued its currency, which led to a sharp decline in prices for their products on foreign markets. This led to an imbalance in the trade of early peaches in the region's market. International fruit market expert Evgen Kuzin notes: “On the Cairo wholesale market, peaches appeared on offer in early March at $0.51-0.61/kg. Now the price has already dropped to $0.32-0.53/kg in dollar equivalent, which is incredibly cheap for the international market. However, in Egyptian pounds the price is not significantly different from the usual one.” “Turkey has begun exporting peach from film greenhouses, the export price for delivery next week is $2.85 US dollars per kg. However, Egyptian exporters are already offering peaches on ...

Source: Eastfruit