Tridge summary
The EU apple market is currently facing challenges due to an oversupply from a higher than expected harvest and decreased consumer demand due to inflation. Despite high energy prices, drought, and a cost increase of 10 euros per 100 kg, the market is expected to stabilize in February 2023, thanks to a record harvest and unprocessed crops in Belgium and Poland. Analysts suggest that the market will stabilize due to the Elstar and Gala varieties from Southern Europe, but claim that the EU apple harvest needs to be reduced by at least 1.5 tons to maintain economic viability.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The apple market does not run smoothly. The EU apple harvest is higher than expected, but consumers are buying fewer apples and are generally more price conscious. However, according to the inventory report of November 1st, there is hope that the market situation will be easier at the beginning of next year. (Photo: PIxabay) Despite high energy prices, a cost increase of 10 euros per 100 kg, and the drought in Europe, a record harvest is making the life of apple growers very difficult. However, it is also true that the Belgian and Polish crops have not yet been processed, which, unlike many other countries, is lower than average. Although buyers are much more price-sensitive and buy fewer apples due to inflation, due to labor shortages and increased storage prices, according to analysts, sellers can enjoy a more stable market ...
Source: Trademagazin
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