Start of the 2021/2022 table grape campaign in the Southern Hemisphere presents a 33.5% lower volume compared to last season

Published 2022년 11월 10일

Tridge summary

The 2022/2023 table grape campaign in the southern hemisphere has started, with a 33.5% lower volume compared to the previous campaign due to decreased supply from Peru and Brazil. The Peruvian supply is predominantly available in Latin American countries, Asia, and the Far East, while Brazil's grapes are predominantly in the European Union and the UK. The US market expects a 1.5% higher local harvest, leading to a decrease in domestic market dispatch and an increase in inventory. Spot prices in the US and Europe are higher than the previous season due to limited supply and increased consumer pressure, respectively. According to the Association of Table Grape Producers of Peru (Provid), the first South American grapes are arriving, and the European market presents varied spot prices. Accumulated exports of Peruvian grapes from weeks 31 to 41 were 22.54% lower than the previous harvest.

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

Original content

(Agraria.pe) The Association of Table Grape Producers of Peru (Provid) reported that the start of the 2022/2023 table grape campaign in the southern hemisphere at week 41, presents a 33.5% lower volume compared to the campaign previous (2021/2022) and is also 13.5% higher than that of the 2020/2021 campaign. He explained that this decline is due to the fact that the supply from Peru and Brazil is lower than the previous harvest. Until week 41, there was a greater presence of Brazilian grapes in countries of the European Union, as well as in the United Kingdom. The Peruvian offer is more relevant in Latin American countries as well as in Asia and the Far East; being more balanced between Brazil and Peru in the shipment of grapes to the United States and Canada. According to Provid, the US market reveals a local harvest projection that would be 1.5% higher than the previous season; which accounts for week 41, a decrease of 3.5% in dispatch for sale in the domestic market and an ...

Source: Agraria