Apples became more expensive in Belarus and cheaper in Moldova – apple market overview for the 12th week of 2020.


Apples became more expensive in Belarus and cheaper in Moldova – apple market overview for the 12th week of 2020.

03/21/2020

No dramatic changes in apple market in EastFruit

Despite the preliminary forecasts of market participants, the situation on the apple market in the countries of the EastFruit project monitoring region remained relatively stable throughout the 12th week of this year. As apple producers in Ukraine, Poland, Moldova, and other countries of the region previously reported, stocks of quality products have declined significantly, and most large operators have fully completed the sale of available apple volumes before this spring.

At the same time, the global spread of the COVID-19 virus made a significant contribution to changing the market situation in the segment of apples and other fruits and vegetables in the past week. In countries of the monitoring region where strict quarantine measures have been introduced at the state level, the pace of apple trade has slowed significantly, primarily due to the temporary closure of wholesale and retail markets. And despite the fact that retail chains continued to work actively in all countries of the region without exception, they were not able to ensure the implementation of 100% of the volume of products that so far had “passed through” wholesale and retail markets.

Apple prices perfomance as of 03/20/2020

If we consider the dynamics of changes in prices for apples of the main varieties during the reporting period in dollars, then in all countries of the region, with the exception of Belarus, a significant decrease can be noted. But, as EastFruit project analysts explain, this fact in most countries of the region is associated with the devaluation of local currencies. This primarily applies to Poland, Ukraine and the Russian Federation, where producers, trying to maintain the previous sales rate of existing stocks of apples, did not resort to adjustments to previously established prices, with the exception of individual varieties.

So, according to the results of the reporting period, in Ukraine, the Jonagold apple variety went up by almost 10% in local currency, and in the Russian Federation apples of the Renet Simirenko and Granny Smith varieties increased in price.

Belarus was the only country in the monitoring region where, according to the results of the reporting period, almost all apples of the main varieties rose in price. According to local market operators, the demand for apples in Belarus began to grow since the beginning of this week, and the supply, especially of high-quality products, was limited. And if the Golden Delicious variety has risen in price in Belarus by only 9% over the past seven days, the Idared apples have added 17% to the previous week.

Apple prices as of 03.20.2020

Experts of the project recorded a radically opposite situation in the apple market this week in Moldova, where previously set prices for all major varieties of apples decreased from 10% to 20%. Producers reported that, due to the quarantine measures taken, trade activity had significantly decreased, and apple sales had noticeably decreased over the past week. Gradually reducing selling prices, sellers tried to increase sales, but this did not in all cases lead to a positive result.

Ever since the beginning of the second half of this season, EastFruit project analysts have noted that the average prices for apples of the main varieties in Moldova have been gradually growing, which allowed this country to noticeably break away from Poland and Ukraine, where the lowest prices for apples are traditionally recorded. But already after another decline in the price of apples in Moldova, they almost equaled those in Ukraine, and the Renet Simirenko variety, with an indicator of $ 0.42 / kg, the cheapest among all the countries analyzed.

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