The wholesale price of lemons in Europe decreased by 5 percent

Published Jan 23, 2024

Tridge summary

The United States Department of Agriculture (USDA) predicts a 16% rise in the EU lemon harvest for 2023/2024, reaching 1.68 million tons. Spain is expected to have a record harvest of around 1.2 million tons, marking a 28% increase from the previous season, according to the Spanish Ministry of Agriculture. However, Italy is projected to see a 10% decrease in its lemon harvest, while Greece's yield is expected to remain similar to the previous season. Meanwhile, the wholesale price of lemons in Budapest rose by 11% in 2023 but fell by 5% in the first three weeks of 2024.

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

Original content

According to the forecast of the United States Department of Agriculture (USDA), the EU lemon harvest may increase by 16 percent to 1.68 million tons in 2023/2024. in the economic year (October-September) compared to the previous season. Based on the projection of the Spanish Ministry of Agriculture (MAPA), the lemon harvest in Spain - after the significant loss of the previous season - is expected to be around 1.2 million tons, which could be a new record: it would represent a 28 percent increase in 2022/2023. compared to the annual season. According to the USDA, a 10 percent decrease in Italy and a similar amount to the previous season in Greece are expected in the period under review. According to AKI PÁIR data, the wholesale price of lemons on the Budapest Wholesale Market was 11 percent higher (HUF 690/kilogram) in 2023 compared to a year earlier. The wholesale price of lemons in the first three ...

Source: Trademagazin