Global peach and nectarine harvest is expected to set a new record of 22.3 million tons in 2019 (+10%), as orchards in China, the EU, and the US recover from the weather-hit 2018 campaign, according to USDA data. The growth in supply is expected to boost imports and exports.
China’s harvest production is estimated to break all records, reaching 15.0 million tons (+9.7), thanks to favourable growing conditions in the Shandong province. Accordingly, exports are set to rise almost 60% to 100,000 tons, driven by higher shipments to Vietnam. Imports are also set to rise (to 28,000 tons), with arrivals from Chile and Australia, the latter having recently signed a bilateral Free Trade Agreement with China.
US production is up almost 20% to 814,000 tons, thanks to excellent conditions during critical points of the season. The larger crop will raise exports to 75,000 tons (mainly to Mexico and Canada), while imports are expected to fall, due to lower shipments from Chile.
A large EU crop is expected, with output up 7% to 4.1 million tons. The increased supplies are expected to drive exports up by almost 30% to 200,000 tons, while lowering imports to 30,000 tons.