EU: Is the frozen fruit and berry market ready for the 2023/24 season?

Published 2023년 5월 24일

Tridge summary

The 2022/23 season has brought significant financial challenges to the frozen fruit and berry industry, with many producers facing cash flow issues and large losses. The ongoing financial exhaustion, combined with unpaid debts by European customers and a crisis in the banking system, has led to a tight financial situation for many producers as the new season approaches. Additionally, the significant increase in refinancing rates by the European Central Bank and the US Federal Reserve has further increased the cost of loans, affecting the pricing of raw materials and finished products. The presence of unsold finished products taking up warehouse space and the rising cost of raw materials have further complicated the situation, leading to indecision and potential reductions in the volume of freezing. These factors are expected to have a significant impact on the market volume and prices for frozen fruits and vegetables in the 2023/24 season.

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

Original content

The 2022/23 season, which has been difficult for freezers, has left a lot of adverse consequences with which frozen fruit and berry producers will have to enter the new season. EastFruit's experts have detailed these issues in articles such as Frozen Fruit Market: Why Buyers Are Silent or EU Frozen Raspberry Market Review - Will the Free Fall in Prices Stop? Probably these circumstances will have a very significant impact on market trends in the new season. Therefore, now it is important for us to assess what the consequences may be and how this will affect the formation of the market volume and prices for frozen fruits and vegetables in the 2023/24 season. Financial exhaustion of frozen berry producers There is no money, and the season is already very close. Why buy raw materials, pay current expenses and wages? Large financial losses associated with market fluctuations during the outgoing season have led to the fact that many freezers do not have enough cash to start the new ...

Source: Eastfruit