MAY 2024
MAY CROP MARKET REPORT
Apple (Chile)
Apple season is in full bloom, and apple calibers are smaller on average, causing yield losses of between 68% up to date. The market is showing a decrease in puree demand, especially organic apple puree, which has caused growers to prioritize conventional formats instead.
Artichoke (Peru, Spain, Egypt)
In the southern region of Arequipa, artichoke production has faced a one-month delay due to adverse weather conditions (lasting 30-35 days). However, in the northern part of Peru, the outlook is more promising, with a favorable start expected in August as the new season begins. The goal is to recover from losses incurred last year and anticipate a more typical crop year. Despite these challenges, artichoke prices have remained stable. Meanwhile, Spain, still in recovery mode, anticipates a significantly reduced artichoke crop due to drought conditions, resulting in higher prices. (Egypt The artichoke crop season in Egypt has concluded, and pricing has remained stable. Egypt is actively working to enhance the quality of its artichokes to compete with Peru. The next artichoke season will begin in January 2025 and run through April 2025.
Asparagus (China, Peru)
Production in China will begin around April 15, about one week earlier than in previous years. The raw material situation has been affected by weak sales in the last two years. This year's harvest and factory production volume will be reduced, estimated to be 30% less. The raw material price this year is also estimated to be lower than the last two years. Peru expects a 20-25% loss of asparagus this year due to last year’s poor season, conditions to improve by 2025.
VEGETABLES
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AUGUST 2023