The excitement in the European frozen raspberry market has reached its peak - price review

Published 2024년 4월 13일

Tridge summary

In the European market, frozen raspberry prices have surged to a 15-month high by mid-April 2024, driven by a complex mix of factors including initial low demand and prices, Poland's blockade of imports from Ukraine, and a sharp rise in demand from the food industry. This price increase is a result of depleted stock levels among producers, with a notable scarcity in various quality categories and no offers for frozen raw materials. The situation, initially marked by a surplus and low prices, has dramatically shifted due to these disruptions and an increased use of raspberries in the food industry, alongside rising prices from alternative suppliers in Asia and North Africa. This has led to a vibrant market with rapidly growing prices, surpassing levels seen in January 2023, and indicating potential for further increases.

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

Original content

EastFruit analysts continue to closely monitor the situation on the European frozen raspberry market, as this directly affects the income prospects of gardeners growing raspberries in Ukraine and Moldova. It must be stated that our preliminary forecasts are once again coming true, and by mid-April 2024, the excitement in the European raspberry market has reached its peak, and prices have reached their highest level in the last 15 months! But there is still a lot of time left before the start of the new raspberry harvest in the main countries producing frozen berries, which indicates the possibility of a further rise in price. However, first things first. The start of the 2023/24 season was marked by a real shock for the raspberry sector in Europe and Asia. The stock of frozen raspberries in storage facilities in Serbia and Poland was at a record high, and simply no one wanted to buy raspberries, regardless of the price. Prices were even quoted at the level of 1.0-1.2 euros per kg ...

Source: Eastfruit