Export prices for blueberries in Peru are significantly lower than last year


Export prices for blueberries in Peru are significantly lower than last year

08/26/2020

The fall in Peruvian exports is mainly due to the effect of the COVID-19 pandemic and fierce competition with Mexico in the main markets for Peruvian blueberries.

Despite the expectation of an increase in exports of blueberries from Peru in physical terms, it seems that export prices for these products will not please suppliers at all, EastFruit reports citing FreshFruitPortal.

Similar assumptions are already supported by the value of blueberry exports from Peru in the first half of this year, which fell 48% to just $ 45 million. The Peruvian Exporters Association competition with Mexico in the main markets for Peruvian blueberries.

Read also: China sharply reduced the volume of fruit imports from Peru

So, in the first half of 2020, Mexico significantly increased its supply of blueberries to the United States, the main sales market for both Mexican and Peruvian products. Due to their proximity to this market, Mexican suppliers were able to offer lower prices for blueberries. In the first five months of 2020 alone, Mexico shipped $ 243 million worth of blueberries to the United States, while exports from Peru reached only $ 25 million in the first half of the year, down 58% compared to the same period last year.

Moreover, of the largest blueberry importing countries from Peru, only the Netherlands increased imports of these products in value terms by 30% to $ 13.3 million. Meanwhile, China reduced it by 10%, the UK by 75%, and Brazil by 17%.

Note also that a negative trend in export prices has been observed in Peru for the first time in the past few years. So, from January to June 2018, blueberry exports in value terms in Peru increased by 260%, and doubled in the same period in 2019.

EastFruit

Main news and analytics of the produce market on Facebook and Telegram East-Fruit.com

Subscribe!

The use of the site materials is free if there is a direct, open for search engines, hyperlink to a specific publication of the East-fruit.com analytical platform.






->