All the news for Markets

Sour cherry in Moldova: between risks and opportunities

Markets

12 Jun 2024

One of the most important crops in Moldova is the sour cherry. The Moldovan Academy of Economic Studies conducted an analysis of sour cherry production in Moldova including the current status, development trends and international competitiveness in the global market.

Valle del Jerte cherry: after a few seasons with the handbrake on, the focus is on the 2024 season

Markets

11 Jun 2024

After a season, that of 2022, characterised by heavy losses, the Jerte-based organisation is pinning all its hopes on this season. ‘We expect an average season between 16,000 and 18,000 tonnes,’ says Monica Tierno, the organisation's general manager.

New market for Gilgit-Baltistan cherries, Pakistan: first shipments to China

Markets

10 Jun 2024

On 5 June, six tonnes of fresh cherries were shipped to China in a reefer container. This important milestone marks the beginning of a promising export relationship between Pakistan and China, facilitated by the phytosanitary agreement signed between the two countries in 2022.

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.