Global cherry market overview

Chile, a world leader in the production and export of cherries, was not affected by the early spring rains at the beginning of its season and has achieved its second largest harvest for export, of just over 415,000 tons. It also recorded its second largest export volume to China, exceeding 376,000 tons. The Chinese New Year has been the latest in many years, allowing Chilean producers to recover after a slow start thanks to a longer sales period. Before their New Year, prices in China were higher. Major Chinese markets resumed trading just three days after the New Year, which is unusually early. Traders there say the market is slow this week and prices are low, but they are happy, since most of the Chilean cherries have already been sold. The US is the second largest market for Chile, after China, although shipments of cherries to North America are already ending. The volumes that Chile has sent to the US have been lower than expected. The import of cherries to Europe is very ...