Weekly Product Updates

W8 Grapes Update: Peru's Grape Export Surged by 40% YoY Growth in 2023/24, Anticipated 20% YoY Surge in Indian Grape Production for 2024, First Table Grape Exports to Japan in 2023/24 Season

Fresh Grape
Brazil
Published Mar 2, 2024
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In W8 in the grape landscape, Peru's grape exports have grown 40% YoY to USD 1.05 billion in the first three months of the 2023/24 campaign. This increase is attributed to the campaign advancing in northern and southern Peru, Cyclone Yaku and El Niño weather phenomena, and increased demand from Asian countries before the Chinese New Year. Additionally, Peru has also exported its first table grapes to Japan. Meanwhile, the slowing grape harvest in Pilar do Sul, Brazil, has led to restricted supply and rising prices. Lastly, South Africa’s SATI predicts an 18% YoY increase in grape production and exports, while an Indian cooperative predicts a 20% growth in grape production for the 2024 season.

Peruvian Grape Exports Surge 40% YoY to USD 1.05 Billion in 2023/24

Peru's grape exports have grown significantly in the first three months of the 2023/24 campaign, reaching USD 1.05 billion, an increase of 40% year-on-year (YoY). This increase is due to climate change advancing the campaign, influenced by Cyclone Yaku and El Niño weather phenomena, and increased demand from Asian countries. Peru is the world's leading grape exporter in the 2022/23 campaign, with over 50 grape varieties exported.

First Batch of Peruvian Grape Exports to Japan in 2023/24 Season

Peru has exported its first table grapes to Japan for the 2023/24 season, promoting 300 thousand 8.2-kilogram (kg) boxes in 30 supermarkets across Tokyo, Saitama, Kanagawa, and Chiba, resulting in sales valued at approximately USD 8 million. The campaign attracted 10 thousand people over two days, marking a significant milestone for the Peruvian table grape industry.

Slowing Grape Harvest in Pilar do Sul Spurs Supply Constraints and Price Surge in the 2023/24 Season

The 2023/24 grape harvest is slowing down in Pilar do Sul, Brazil, leading to a restricted supply and rising prices. Harvest closures in other areas in São Paulo (Louveira/Indaiatuba and Porto Feliz) and São Miguel Arcanjo have reduced supply. Despite concerns about recent rains, grape quality remains good, with no reported losses. Italy's sales average increased by 3.10% week-over-week (WoW) to USD 1.67/kg (BRL 8.25/kg). Supply may slightly increase in Mar-24 with harvest seasons in Louveira/Indaiatuba and Marialva.

South African Grape Exports Surge Amidst Successful Harvest

The South African Table Grape Industry (SATI) predicts the current grape production season will end earlier than in 2023, with 78% of output packaged, amounting to 59.5 million boxes, an 18% YoY increase. Exports have also increased by 19% to 46.6 million boxes. Despite increased costs due to transshipment, the industry diversifies its export strategy to alleviate logistics pressure. The harvest has been successful across various regions.

Indian Cooperative Forecasts 20% Growth in Grape Production for 2024 Season

An Indian farmer-based cooperative expects a 20% increase in grape production compared to the previous seasons, according to the cooperative's director of business development. The 2024 Indian grape season has progressed well, with good volumes and almost 20% higher production than previous seasons. Despite unseasonal rainfall, the situation has improved, leading to better quality production.

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