Brazil: Wholesale prices of vegetables and fruits continue to fall

Published 2024년 8월 16일

Tridge summary

Brazil's main wholesale markets have seen a monthly decrease in the prices of most vegetables and fruits for the fifth consecutive month, according to the 8th Bulletin of the Brazilian Program for the Modernization of the Fruit and Vegetable Market (Prohort) by the National Supply Company (Conab). The price drop is attributed to increased supply and fragmented production. Notably, the volume of tomatoes and carrots available rose by 13% and 8.9% respectively in July, leading to significant price reductions. While many fruits and vegetables experienced price decreases, the demand for oranges increased, driving up their weighted average price by 6.91%. Despite a decrease in the total volume of fruit exported in the first half of 2024, revenue grew by 3.73% year-over-year, largely due to higher prices for some exports. The Prohort app is available for download to provide more information on fruit and vegetable sales in the wholesale sector.

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

Original content

For yet another month in a row, most of the vegetables and fruits sold in Brazil's main wholesale markets have seen their prices fall. The weighted average price fell by 47.69% in the case of carrots and 43.96% in the case of tomatoes last month 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). According to the Bulletin, the fall in the price of carrots is explained by the greater quantity of the root in wholesalers. In national terms, the supply of the product to the Ceasas that are part of the Bulletin grew by 8.9% in July and is not concentrated in Minas Gerais. The cut in tomato prices is also related to the 13% increase in supply compared to June, the highest volume recorded in any month of 2024. Regarding vegetables, in the case of potatoes, Conab found that the arrival of the winter harvest caused a reversal ...

Source: Conab