Chile's exports to China surge 40% as prune production falls and prices are expected to rise

Published 2024년 7월 11일

Tridge summary

Chile's prune production is projected to decrease to 55,000-60,000 tons in the 2024/25 season, a decrease from the expected 68,000 tons in the 2023/24 season, due to adverse weather conditions. Despite this, exports, especially to China, have done well and over 70% of stocks have been sold. China's imports of Chilean prunes have increased from 18,000 tons in 2023 to 25,000 tons in 2024, leading to expectations of a price increase due to strong demand and decreased supply. Chilean dried fruit traders are also working to expand exports to India, but this is a long-term project.

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

Original content

Chile's total prune production is expected to be 55,000-60,000 tons in the 2024/25 season, while the production in the 2023/24 season is expected to be 68,000 tons. The overheated winter, cool spring and hot summer in the new production season have had a huge impact on the growth of prunes in Chile. In addition, Chelmer Citing a report from South365, Foods said that a large amount of fresh Chilean prunes were exported to China in February, reducing the supply of raw materials for dried fruit production. Despite the decline in production this season, Chile's exports, especially to China, have performed well in the overall market, and more than 70% of stocks are said to have been sold. According to reports, China's imports of Chilean prunes were 18,000 tons in 2023 and have increased to 25,000 tons in 2024, an increase of 39%. Therefore, market participants believe that the price of prunes will rise due ...

Source: Foodmate