Prohort Bulletin: Bananas, oranges and papayas see a drop of more than 10% in wholesale prices

Published Jun 21, 2024

Tridge summary

The Brazilian Horticultural Market Modernization Program (Prohort) has reported a significant decrease in the prices of bananas, oranges, and papayas in the country's wholesale markets over the past month. Banana prices have dropped by 24.27% due to increased domestic supply, competition, and reduced demand. Papaya prices have also fallen by 15.81% due to increased supply in Espírito Santo and Bahia. Orange prices have decreased by 13.33%, but are expected to rise in June due to low juice stocks and harvest control needs. Vegetable prices have generally decreased, with the exception of potatoes, carrots, watermelon, and apples, which have seen price increases due to insufficient supply and control by classification companies. Overall, export volumes have decreased by 6.52%, but revenue has increased by 4.17% compared to the same period last year, and by 22.9% compared to the first five months of 2023.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Prices charged in the main wholesale markets for bananas, oranges and papayas fell by more than 10% in the last month. For bananas, a weighted average reduction of 24.27% was observed. The biggest drop in prices was recorded at the Rio Branco Supply Center (Ceasa), with the price of fruit in May 42.35% lower than in April. The data is in the 6th Bulletin of the Brazilian Horticultural Market Modernization Program (Prohort), released this Thursday (20) by the National Supply Company (Conab). This negative variation is influenced by the increase in national supply, mainly of the dwarf variety coming from Vale do Ribeira (SP), north of Minas Gerais and Santa Catarina. The silver banana also saw a drop in prices due to competition with the nanica. Furthermore, the two varieties had their demands reduced due to competition with tangerine poncã, a seasonal fruit that many consumers choose in exchange for bananas. In June, there is a tendency for the silver variety to exert influence to ...
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