Prices for an early apple in Uzbekistan are record high - the trend of export growth will be interrupted

Published 2021년 6월 30일

Tridge summary

Uzbekistan's fruit industry is facing a challenging season due to weather anomalies, with fruit production levels dropping and resulting in increased prices. The cost of early apples for the 2021 season is at least three times higher than in previous years, a factor likely to significantly decrease export revenues. Despite these challenges, Uzbekistan has the potential to export early apples to northern countries, including Russia, which offers a high market price during the summer. However, this year's high domestic prices and record apple stocks in Russia are expected to limit increases in early apple exports. In contrast, neighboring Tajikistan has experienced less damage to its early apple crops, leading to lower prices, and Uzbekistan could potentially become an importer of apples from Tajikistan.

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

Original content

The Uzbek fruit business is going through a difficult season this year. The production of many key fruits decreased due to the frost. As a result, prices for these fruits are at high levels, which negatively affects both the volume of exports and the volume of domestic consumption. EastFruit specialists draw attention to the fact that prices for early apples of the 2021 season in Uzbekistan are at least 2.5 times higher than the average price in the 2020 and 2019 seasons. As of June 24, 2021, the average wholesale price for early apple varieties is 13,000 soums per kg ($ 1.23). For comparison: in the second half of June 2020, the average wholesale prices for this product were 2.5 times lower, and in the same period of 2019 - 3.5 times lower. According to EastFruit experts, from 2016 to 2020, the dynamics of export volumes of early varieties of apples from Uzbekistan demonstrated steady growth, export revenue increased from $ 2.1 million to $ 6.2 million.But in 2021, we will ...

Source: Eastfruit