The lime market has been under considerable pressure in the Netherlands for a few weeks now

Published Nov 11, 2020

Tridge summary

The lime market is experiencing a surge of oversupply due to increased exports from Brazil, Mexico, Vietnam, and other South American countries. The demand has decreased due to the closure of the catering industry in Europe, leading to a dramatic increase in stocks at importers. The situation is expected to persist until the catering industry reopens.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

After a strong summer season, the lime market has been under considerable pressure for a number of weeks now. "Although the volumes have decreased, there are still too many limes on the market for the current sales level. Too large volumes have been loaded from the traditional export countries Brazil and Mexico and there are also enough limes from Vietnam and other South American countries on the market. European market ”, says Rene Bouman of FMI International. "Normally, the demand for limes always decreases somewhat in September / October, but due to the closure of the catering industry in many European countries, consumption and sales have been drastically reduced, with the result that stocks at the importers are increasing and there are also fresh arrivals even older limes are being offered everywhere. Brazil has just started the new harvest season and it is understandable that the exporters want to ship their limes, but if the volumes do not decrease drastically the situation ...
Source: AGF

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