Italy: Cherry limited production but high prices

On the retail sales front, Nielsen data from April 29 to June 16 indicate an increase in household spending of 20.3% Limited production, good demand and sustained prices are the elements that are characterizing the 2024 cherry campaign. The main player is always the climate trend, which has influenced not only the yields, which are down compared to the already deficit last year, but also the start and end of the campaign, both of which occurred approximately two weeks earlier than normal calendars. This is what emerges from Ismea's analysis of the trend of this fruit. Retail sales On the retail sales front, partial data from 29 April to 16 June (source: NielsenIQ) indicate an increase compared to 2023 in volumes (+12.3%) and household spending (+20.3%). Taking into consideration only the product packaged at a fixed weight, the increase in the average retail price had almost the same intensity as that of the origin phase (+4.8%), rising from 8.28 euros/kg in 2023 , at 8.68 euro/kg ...