Lower world market prices for Peruvian blueberries despite a 28% increase in exports

Published 2022년 11월 28일

Tridge summary

Peru has successfully exported 28% more blueberries than last year, reaching 33 markets and a total of 217,000 tons. Despite this achievement, the average prices have dropped compared to the previous year due to increased input costs and the impact of the Ukraine war. The average FOB price this season was €5.29 per kg, a decrease from €5.66 last season. The high ocean freight costs, which have not returned to pre-pandemic levels, have further reduced the growers' margins. However, there is optimism for the future as Peru plans to increase volume growth through the planting of new, more productive varieties. The country currently has 18,000 hectares registered for blueberry cultivation.

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

Original content

Despite Peru exporting 28% more blueberries to global markets, average prices are lower than last year. The country reached 33 markets with 217,000 tons of blueberries exported through the end of last week (week 46), said Luis Miguel Vegas, general manager of Proarandanos. "We shipped 52% more to the US, 31% more to Europe, 14% more to China and 2% more to other destinations compared to last season." “The war in Ukraine and the high input costs are gnawing at the margins of Peruvian blueberry producers,” says Miguel Vegas. Proarandanos is the Peruvian association of blueberry growers and exporters. "This season, the average FOB price was €5.29 per kg. Last season it was €5.66. On the one hand, prices are lower than last season. In Europe, the consequences of the war have affected sales. on the other hand, costs continued to rise." "Since 99% of Peruvian fruit is shipped by boat, this has a major impact on costs. Ocean freight costs are still high; they have not yet returned to ...

Source: AGF