All the news for Markets

Expansion of target markets and strategic planning: these are the keys to Chilean expansion

Markets

03 Jun 2024

‘Reducing the risk of having one-brand market practices with China and not abusing the “peak” period is crucial for the future,’ says Luis Ahumada, director of Grupo Los Olmos, ‘where opening up to other Asian countries, including India, looks like an opportunity.

France: price swing due to the market and the fight against Drosophila suzukii

Markets

03 Jun 2024

‘It cannot be said that prices are soaring. Drosophila suzukii has destroyed many volumes, accentuating this phenomenon,' explains Jérémie Becciu. If prices were quite high at the beginning of the season, they are now quite reasonable: between EUR 2.5 and EUR 4 per kilo.

Market saturation and unstable quality undermine Chinese production

Markets

31 May 2024

The increase in production has also made it difficult for domestic cherries to maintain high prices. According to reports, China's production of sweet cherries is expected to reach 760,000 tonnes in 2024, an increase of 12 per cent from the previous year.

Delays on the season in Uzbekistan could have a decisive impact on the market for the 2024 season

Markets

31 May 2024

Traditionally, the cherry season in Uzbekistan ended in mid-June, but in 2024 it will start as soon as the last week of May. This could create problems for exports because even in Ukraine, local cherries are already being actively harvested and sold.

California: lots of quantity and quality but the challenge is not to overlap with Washington

Markets

24 May 2024

Although the season is a few days late, Washington, which is close to cherry production on the West Coast, is early. ‘There is a rush to get into the market before Washington starts producing, which usually reduces the value of the crop.’

Excellent forecasts from California: 2024 is expected to grow by +12%.

Markets

20 May 2024

Last year's erratic weather patterns resulted in a surplus of cherries along the West Coast. Northwest Cherry Growers estimates the 2024 crop at 20.9 million cartons, up 12% from the previous year.

China-Hungary Axis: fresh cherry imports authorised for strategic partnership

Markets

17 May 2024

Hungary is one of China's main trading partners in the Central and Eastern European region. After the Chinese leader's state visit to Hungary, the two sides elevated relations to an all-round strategic partnership.

Argentina: moving the harvest period up by 15 days to avoid the Chilean market

Markets

14 May 2024

"In terms of marketing, they are fundamental - states Diego Aguilar, president of the Chamber of Cherries of Mendoza - but the first 10-15 days are fundamental. From October 25 to November 10 is the window that remains open in Mendoza to make a difference".

Growth in world trade over the last ten years shows over 900,000 tonnes and +266% growth

Markets

24 Apr 2024

From 2013 to 2022, world production increased from 2.3 to 2.75 million tonnes, while trade flows rose from 350,000 to 940,000 tonnes, an increase of 266%. The value of traded goods reached a record 4.3 billion euro.

Record year: Chilean exports exceed 400,000 tons

Markets

16 Apr 2024

According to the cherry yearbook recently published by iQonsulting, during the 2023/24 season, 413,979 tons of Chilean cherries were exported. For this latest season, the estimated value could exceed $3 billion FOB.