Unexpectedly falling prices for Polish industrial apples

According to analysts from EastFruit, there was a sharp change in trend this week on the Polish market for industrial apples, where prices have been rising rapidly for some time. On Wednesday, processors began informing suppliers of price reductions, although growers expected prices to continue to rise. Initially there was a reduction of approximately € 0.01 per kg, but on Thursday, November 9, there were reports of a reduction in purchasing prices of as much as € 0.02 per kg of apples delivered, which is very important for this apple segment. The situation among Polish growers resembles panic, as many expected that with the completion of the harvest, the supply of apples to the processing sector would decrease, which would lead to an acceleration of the price increase. However, it appears that processors believe they have already built up sufficient supplies of apple juice concentrate and even raw materials. In addition, they are concerned about a possible decline in margins from ...