World: Peaches and nectarines are already cheaper than apples before the mass harvest season begins

Published 2024년 5월 1일

Tridge summary

The peach market is experiencing a price collapse, with Turkey's export price for peaches and nectarines falling significantly, reaching $0.75 and $0.85 FCA respectively, making it unfavorable for Egypt to compete. This price drop is causing concern for peach and nectarine producers in Uzbekistan and Georgia, who have high harvest expectations and face the possibility of further price drops. The early start to Turkey's peach export season might shorten the export duration, potentially impacting the demand and prices of other fruits.

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

Original content

According to EastFruit analysts, the price collapse in the peach market continues, affecting producers in the southern countries of Europe and the Middle East, for which this fruit has long been one of the important sources of export revenue. In particular, according to Fyodor Rybalko, international exporter in fruit and vegetable trade and logistics, a further rapid decline in peach prices in Turkey actually removed the main competitor from the market - Egypt, which now, at such prices, cannot afford to supply fresh peaches. Read also: Early peach is already exported to China, Türkiye and Egypt - why is it so cheap? “In Turkey, the export price for nectarine fell to $0.85 FCA, and for peach - to $0.75 FCA. Thus, the wholesale price of peach in Turkey is already lower than the wholesale price of apple and this is as of May 1, which is an absolutely unprecedented case!” - says Fedor Rybalko. Let us remind you that a week earlier, wholesale prices for peach in Turkey fell to $1.6 US ...

Source: Eastfruit