Demand for cherries from Moldova in Russia is still low and prices are too

Published 2021년 6월 23일

Tridge summary

Moldova's horticultural sector is preparing for the harvest of late-ripening sweet cherries, with the majority of the produce aimed for export to Russia and Belarus. However, export managers face challenges such as potential quality issues and concerns over the Russian market's low demand and unfavorable pricing. Factors contributing to the market's shift include increased competition from cherry suppliers in countries like Turkey, Iran, Azerbaijan, and Uzbekistan, as well as expanded domestic production in southern Russia. Moldovan farmers are dealing with cracking issues due to excessive rainfall and are considering investments in technologies and plant variety changes to improve quality and reduce cracking. There is also interest in diversifying exports to the EU, despite the higher quality requirements and competition.

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

Original content

According to the EastFruit team from Moldova, at the end of this week or early next week, the leading horticultural enterprises of Moldova are planning to start harvesting late-ripening sweet cherries. The bulk of these products are intended for export to the markets of Russia and Belarus. The expectations of the heads of the majority of such farms from the upcoming active stage of the marketing season are not optimistic: the quality of cherries raises concerns, the conjuncture of the main external sales market - even more so. Thus, the managers of horticultural companies interviewed by us note that on the eve of the period of the most intensive export of Moldovan cherries, the demand for it in Russia is relatively low, and the "price corridor" at the entrance to the Russian market is not the most convenient for suppliers, within 140-180 rubles / kg. ($ 1.9-2.5 US dollars), while exporters from Moldova hoped for 200 rubles / kg ($ 2.75) and more. However, it is not entirely clear ...

Source: Eastfruit