Italian peach production is on the rise and prices falling

Published 2024년 8월 21일

Tridge summary

Italy has experienced a successful peach harvest this summer, with a 4% increase from the previous year and 7% over the past three years, reaching a total supply of 967 thousand tons. This includes 480 thousand tons of nectarines and 425 thousand tons of peaches. Europe's total production is projected to rise by 1% to 3.4 million tonnes. Despite the increased production, prices at the farm gate have decreased for nectarines and increased for peaches and flat peaches compared to 2023. Retail sales of packaged peaches and nectarines have seen a significant 12% increase between January and mid-July 2024, but household spending has only grown by 5% due to a 6% reduction in retail prices.

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

Original content

This summer, the peach harvest in Italy is up 4% on an annual basis and 7% over the last three years. The estimates for 2024 by the Centro Servizi Ortofrutticoli (Cso) reported in the latest Ismea report on the sector, in fact, indicate for our country a total supply of 967 thousand tons, composed of approximately 480 thousand tons of nectarines (or “nectarines” +8% compared to 2023), 425 thousand tons of peaches (+1%) and 60 thousand tons of percoche (crossbreed with apricots, -7%). At European level, where the European supply of peaches, percoche and nectarines should stand at 3.4 million tonnes, up 1% compared to 2023, according to Europech 2024 estimates. This year's European production is also higher than the average figure for the three-year period 2021-2023 (+14%). According to Ismea, «The first part of the current peach and nectarine marketing campaign was characterised by prices at origin - i.e. at the farm gate - down compared to 2023. The comparison with the average ...

Source: Il sole 24 ore