News

2024 is shaping up to be a promising year for the Peruvian mandarin campaign

Fresh Mandarin
Market & Price Trends
Published Apr 12, 2024

Tridge summary

Since the onset of the Covid-19 pandemic, there has been a notable surge in the global demand for mandarins, with Peru, a key supplier, facing intense competition. The country has struggled to make its mandarins stand out due to a lack of premium varieties. However, recent investments in high-quality, patented varieties are beginning to change this. The year 2023 has been tough for the mandarin market, with Peru seeing an 8% decrease in export volume and a 2% fall in export value, attributed to severe weather conditions impacting global supply. The article highlights the varying impacts on early and late mandarin varieties and notes a strategic shift in Peru's export focus from the US to Europe, driven by supply shortages and higher price increases in Europe. Despite the challenges faced, there is optimism for an improved season ahead, particularly for high-quality mandarin varieties, as weather conditions are expected to ameliorate.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Since the start of the Covid-19 pandemic, global demand for mandarins has seen a significant increase. However, competition between suppliers of this product has remained equally active. Large producers are located on most continents, which has led to a constant fight for volume and prices. Furthermore, quality is increasingly becoming a crucial factor, which has generated a growing interest in premium varieties. Peru has remained a relentless competitor in the main destinations of the world. However, the quality of the Peruvian mandarin still did not stand out from the most direct competitors. This was especially due to the lack of premium varieties in the country. But in recent years this has been changing. With the increasing appreciation of this fruit, new companies are betting on high-quality patented varieties. 2023 has been an extremely challenging year; The strong meteorological phenomena that have been devastating the planet have caused various productive crises. The ...
Source: AgroPeru
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