Peru would send 22,000 more tons of avocado to Europe in the 2023 campaign

Published Mar 10, 2023

Tridge summary

The Mediterranean avocado campaign is nearing its end due to a supply shortage, with only remaining fruits available for the next 15 days before Peru takes over as the main supplier from early to late August. Peru's production is projected to increase by 70,000 tons and export by 22,000 tons to Europe, though there may be adjustments due to potential challenges in the US market. The market situation remains promising for the next few weeks, but there is concern over maintaining consumer interest and market stability as supply increases and prices remain high, potentially leading to a market crash if consumption slows down. The success of the next campaign hinges on effective distribution and promotion of avocados, considering the increasing global production and market division caused by the US and Europe.

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

Original content

(Agraria.pe) At the crossroads of the hemispheres, the Mediterranean avocado campaign is coming to an end. A campaign that, in a context of deficit production, has been relatively well oriented in terms of prices and sales flows. "All winter productions have been in deficit this season, except Colombia and Mexico, which have not been able to make up for the lack of production in Spain and Israel," reports François Bellivier, Capexo's development director. The avocado supply continues to decrease with the arrival of the last Mediterranean fruits of the season. "We are in a transition period with dwindling supply. Mediterranean origins will continue to be available for the next 15 days, then Peru will take over with very sizeable volumes expected again this year, mainly arriving from early May to late August (between weeks 19 and 35)”. With a total production of 70,000 tons more than last year and a planned export to Europe of 22,000 tons more (7%). But given that the US market may ...

Source: Agraria