Asparagus is up to 40% more expensive on the world market

Published 2023년 9월 1일

Tridge summary

The international asparagus market is experiencing turbulence due to factors such as natural disasters, unusual temperatures, and small profit margins. This has led to a decrease in supply, causing prices to skyrocket, particularly in markets like Northern Europe and Asia. Peru, one of the main producers, has been struggling with export problems for years, leading to a decline in volume but an increase in value of their asparagus exports.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

These are turbulent times on the international asparagus market, reports market research agency Fresh Fruit. "The world's main producers, including Peru, are seeing their supply shrink. This is due to several reasons, but the main ones are the natural disasters and unusual temperatures in many parts of the world. In addition, the small profit margins of recent seasons have caused the area to is being scaled back, especially where fertile land is becoming scarcer." "This complicated situation has also caused asparagus prices to skyrocket on the international market. In markets such as Northern Europe and Asia, increases of up to 40% have been reported. And this appears to be the poor performance of Peru, which has been had no longer exported satisfactory volumes. In the first 7 months of this year, Peruvian asparagus exports amounted to 44,481 tons for approximately $ 162 million. That is 19% less volume than in the same period last year, but 2% more in value.” "Peru's export ...
Source: AGF

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