News

Table grapes continue hort export charge in Australia

Fresh Grape
Fruits
Australia
Market & Price Trends
Published Mar 6, 2024

Tridge summary

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) anticipates continued growth in the table grape industry with rising export prices due to decreased global supply and increased demand. The bureau also predicts a 28% increase in nominal fruit export values to $1.8 billion in 2023-24 and a 12% increase to $2 billion in 2024-25. However, it warns of potential impacts from extreme weather systems and falling export values for almonds and macadamias due to high global supply. Despite these challenges, horticultural exports are expected to rise by 11% to $4 billion in 2024-25, driven by favourable seasonal conditions and increased water availability.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

TABLE grapes remain the darling of horticulture exports. The Australian Bureau of Agricultural and Resource Economics and Sciences' (ABARES) Agricultural Commodities Outlook Report for the March quarter 2024, released today, has repeatedly referred to the continued healthy rise of the table grape industry. While ABARES reported average nominal export prices are forecast to fall in 2023-24 as world supply rises at a faster rate than demand, it highlighted table grapes as the exception. "In contrast, nominal table grape prices are expected to increase in 2023-24 due to a fall in world supply," the report said. "Table grape export prices are forecast to rise further in 2024-25 due to continued growth in world demand." While it didn't provide specific figures for table grapes, the 2022/23 Australian Horticulture Statistics Handbook put the sector's fresh export value at $557.3 million. The ABARES report acknowledged the increased planting of table grape varieties popular in key export ...
Source: Farmweekly

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