Peru: Limón Tahiti took advantage of opportunities in North America to close 2023 positively

Published Apr 22, 2024

Tridge summary

In 2023, the Tahiti lemon market experienced a positive closure despite facing challenges such as adverse weather conditions that impacted yields per hectare. The market saw a 19% growth in volume and an 18% increase in value, reaching 29,365 tons and US$ 30 million, respectively. The United States continued to be the primary market for Peruvian Tahiti lemons, though the demand for larger sizes presented challenges. Brazil's decreased production allowed Peru to boost its exports to the country by nearly 83%, despite a fall in prices. As 2024 approaches, the Tahiti lemon market is expected to see improved yields due to more favorable weather, although prices are on a decline with the recovery of major producers like Brazil.

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

Original content

(Agraria.pe) 2023 was challenging for most citrus fruits. However, the Tahiti lemon was able to close the year well, despite the constant fluctuations in the global market. In regions such as Europe, historical minimum prices were recorded in the same year, as well as maximum costs just months apart. The climatic determinant severely limited many of the world's productions for several months, but the positions generated were soon occupied by large productions from other regions. Yields per hectare were not the best due to weather conditions. The high temperature greatly limited the growth of the product. However, many new crops began new production, which allowed the year to close positively. With this, in 2023 shipments of Tahiti lemon closed at 29,365 tons for a value of US$ 30 million. This meant a growth of 19% in volume and 18% in value. Regarding the price, it was extremely volatile, but averaged very similar to the previous year at US$ 1.03 per kilogram. So far in 2024, ...

Source: Agraria