Chinese banana prices begin to stabilise
Rocketing vegetable prices in South Korea
A typhoon-hit summer has driven up vegetable prices in South Korea, as the country prepares for the Chuseok festival in autumn. JoongAng Daily reports that the prices of various kinds of vegetable have risen sharply. According to Korea Price Information data, the cost of offerings to ancestors at the Chuseok festival currently stand at around US$228 at a traditional market, up 15.5% from 2019. The price rises in supermarkets is even more pronounced, with average cost of offerings going up by 24.7%.
Morrisons warns of higher supermarket prices if no Brexit deal
2019 EU apple campaign sees smaller crop but price recovery
As expected from a moderate crop, prices during the ongoing campaign are moving within ranges significantly above the average price. During recent weeks, EU demand has been at good levels and the average prices for April 2020 are 33% above the average for the last five years (they were 23% above average in March 2020).
Price volatility points to fragility of fresh produce supply chains
Even under normal circumstances, fresh produce prices are more volatile in the US than for almost any other commodity, according to a report by Gro. The report argues that while fresh produce markets face unique issues such as seasonality and perishability, several other inefficiencies also contribute to price volatility that need to change if we want more resilience in our supply chains.
Prices of Spanish vegetables rocket
There has naturally been a surge in home-cooking in Spain since the lockdown was imposed to combat the coronavirus outbreak. This has led to a 30% increase in demand on the domestic market for vegetables, with prices of some products such as aubergines, courgettes and peppers soaring in the past week. Aubergine producers were receiving €0.10/kg until recently, but the price has now gone up to €1/kg, while courgette prices have jumped from €0.30/kg to €1/kg and Italian peppers are up from €1.60/kg to €2.20/kg,
Kiwi prices soar in New Zealand
New Zealand’s kiwi fruits rose 32% in price during December 2019 to €4.93/kilo, almost double the price recorded in December 2018 of €2.53/kilo. The quality of the country’s crop this campaign has been very good, albeit with a shorter harvest. The higher prices are partly due to the smaller crop and partly due to the relative absence at this point of Northern Hemisphere fruit.
Price of fresh produce rose 2.1 % overall in December, with the gains partly offset by falls in nectarine (-24%) and lettuce (-18%) prices.