The rise in imports and prices mark the second part of the citrus campaign in Spain

Published 2024년 1월 17일

Tridge summary

The citrus industry is facing increased prices due to drought and weather effects, as well as concerns about rising imports from countries like Turkey and Egypt. The Ministry of Agriculture forecasts a slightly increased citrus harvest for the 2023-2024 campaign, but still 14.4% below the five-year average. The industry is also struggling with reduced harvests and increased competition from overseas, leading to smaller fruit sizes and pressure on market prices.

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

Original content

Citrus producers face the second part of the campaign with a “temporary” price increase, caused by the drought and the effects of the weather; Added to this is the “concern” about the increase in imports from countries such as Turkey and Egypt. The forecasts of the Ministry of Agriculture, Fisheries and Food (MAPA) show that the citrus harvest of the 2023-2024 campaign, with some 5,754,184 tons, would be “very slightly” above the last one, but 14.4 % below the average of the last five. Furthermore, while oranges and small citrus fruits decline significantly in relation to the average, more markedly in the case of the former, lemons and grapefruits increase their production, more notably in the case of lemons. In general, and with the exception of the 2022-2023 campaign, this would be the “shortest” harvest of the last eleven years, according to Agriculture figures. The Ministry's estimates suggest that, in general, about 24,000 tons more will be produced than the last harvest, ...

Source: PEefeagro