Global raspberry price cycles and forecasts for 2023

Published 2023년 3월 21일

Tridge summary

The first online conference by the EastFruit project on the state of the frozen fruit, soft fruit, and vegetable market, accompanied by the video 'Shock freezing of berries, fruits, and vegetables 2023,' focused on forecasting prices for freezing and finished products, with particular emphasis on frozen raspberries and their future pricing trends in 2023. The event featured insights from Andriy Yarmak, an economist at the FAO's Investment Center, who discussed the price cycles in the horticultural sector and the significant impact of supply and demand on raspberry prices. Yarmak highlighted the 2018 price crash in raspberries, resulting from an oversupply following increased investment in cultivation, which led to a drastic drop in prices and widespread abandonment of raspberry farming in several countries. Despite these challenges, the accidental inclusion of raspberries in various food products due to their low cost sparked a surge in demand, showcasing the unpredictable nature of market dynamics and the importance of factoring in unexpected factors in price forecasts.

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

Original content

On March 16, 2023, the EastFruit project held the first online conference on the developments in the frozen fruit, soft fruit and vegetable market, supplemented with the video "Shock freezing of berries, fruits, and vegetables 2023". One of the most pressing issues of the event was forecasting prices for freezing and finished products. In this context, the most talked about frozen raspberry price and the outlook for fresh raspberry prices in 2023. Andriy Yarmak, an economist at the Investment Center of the Food and Agriculture Organization of the United Nations (FAO), who has been analyzing global food markets and making price forecasts for more than 25 years, explained that the prices of almost all commodities in the horticultural sector are characterized by a cycle. "The price cycle depends on the characteristics of the products. In the case of raspberries, the price cycle lasts about 4-5 years unless it is affected by some unusual factors, such as severe weather, wars, global ...

Source: AGF