The supply of peaches and nectarines from Uzbekistan collapsed in prices in countries supplying the fruits in the region

Published 2022년 8월 5일

Tridge summary

Between May 21 and July 20, 2022, Uzbekistan experienced a significant increase in peach and nectarine exports, with a total of 40.6 thousand tons earning $39.4 million - a minimum of 1.5 times more than the same periods in 2018, 2019, and 2021. This surge is primarily due to the low market price of small-caliber nectarines, which has been further reduced by 10-15% this year. The majority of these exports, 99%, were directed to the EAEU markets, notably Russia. The influx of cheap Uzbek nectarines has resulted in a drop in purchase prices in the region, impacting producers in Georgia, Serbia, and Turkey, especially Georgia which exports 80% of its peach and nectarine to Russia. Consequently, Georgia's exports have come to a halt due to these price fluctuations.

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

Original content

According to official statistics, for the period from May 21 to July 20, 2022, Uzbekistan exported 40.6 thousand tons of peaches and nectarines for a total of $39.4 million, which is at least 1.5 times higher than in the same period of 2018, 2019 and 2021 both in physical terms and in terms of export earnings. The rapid growth of exports is primarily due to the low price - it is 10-15% lower than last year, since this year there is a lot of small-caliber nectarine (diameter 40), which is currently sold for 0.40 euros from the garden. Since 99% of Uzbek exports go to the markets of the EAEU countries, the influx of small-caliber but cheap nectarine lowered standards and provoked a decrease in purchase prices in other exporting countries in the region. This was especially reflected in the producers of Georgia, Serbia and Turkey, the main market of which is the Russian Federation. If Georgia exports about 80% of peach and nectarine to the Russian Federation, then Turkey does more ...

Source: Eastfruit