Peru sees Israel selling more avocados on European market due to war in Ukraine

Published 2022년 6월 13일

Tridge summary

Peruvian avocado growers are experiencing a downturn in prices, a trend that has worsened since 2018 and is particularly noticeable this year due to the Russian invasion of Ukraine. The conflict has increased supply from countries like Israel, driving down prices in the European market, the primary destination for Peruvian avocados, to their lowest since 2018-2019. The war has also redirected Israeli avocados to the European market, as they can no longer export to Russia, adding to the oversupply. Additionally, the start of Peruvian avocado exports to the American market in late May has not been smooth, with the US market absorbing a larger supply from Mexico, potentially leading to lower than expected exports from Peru.

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

Original content

Peruvian avocado growers are facing falling prices, a trend that has actually been going on since 2018. But this year, the situation has become more pronounced due to the Russian invasion of Ukraine, as it increases the supply from other countries of origin, such as Israel, for example. European market, the main destination for Peruvian avocados. “Israeli's supply on the European market is too great, because the war has prevented the country from exporting to its main market, which is Russia. Prices have become very low as a result,” said José Luis San Martín, commercial director of the American company. Fruits Export SAC. Growers have not seen such low prices on the European market since 2018-2019. José Luis San Martín explains that a carton containing four kilograms of avocados was sold in Spain last year for €13.80, while it is currently €7.80. It is of great concern to Peruvian growers and exporters. The Peruvian supply of ...

Source: AGF