Good European market is expected for South African grapes until after Christmas

게시됨 2022년 11월 21일

Tridge 요약

The European grape market is experiencing a shortage as Peru has exported a significant portion of its grape harvest to the US, potentially displacing South Africa in the Far East. Peru's grape exports to Europe, which are mainly packed in larger cartons, have increased over the past decade, making it a formidable competitor for South African grapes. The European market is currently emptying as about 40% less grapes from Peru and Brazil have been shipped, but it is expected to remain strong until week 2 or 3. The parity between the euro and the dollar also has a huge impact on exporters' earnings and shipping costs, which have not increased despite rates not reaching pre-pandemic levels. Leon de Kock of Grape Alliance highlights the logistical challenges facing the global grape sector.

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원본 콘텐츠

The European grape market is empty, as Peru has sent more to the US. There is even a chance that Peru will displace South Africa in the Far East as well. “The amount of grapes brought to market by Peru has increased significantly over the last decade,” says Leon de Kock, CEO of Grape Alliance. "Whereas they used to give us sporadically headaches in the Far East, they have now become a real force on the market. And that for many weeks. They also have good varieties." Competition between Peru and South Africa is less direct in Europe, where the grapes are usually packed in 500 gram punnets, than in the Far East, where they are packed in 4.5 kg cartons (in the case of South Africa). and of 8.2 kg (in the case of Peru) are traded. "They can even keep us out of the market for a whole season. They have become formidable competitors. But it's hard to say if it will happen again this year." Leon notes that South Africa usually knows what to expect from Australian grapes each year, but ...

출처: AGF