Turkey poised to benefit from China’s stonefruit woes

  The heavy snow that fell in April in China’s major peach growing provinces has triggered a 500,000 ton drop in overall stonefruit production to 14.5 million tons, according to […]
Tue 27/10/2020

 

The heavy snow that fell in April in China’s major peach growing provinces has triggered a 500,000 ton drop in overall stonefruit production to 14.5 million tons, according to USDA. Accordingly, exports are down by around 33%, partly due to the ongoing Russian ban on Chinese fruit imports.

With EU stonefruit production also expected to fall, Turkey is poised to take advantage. Output in Turkey is forecast to rise 40,000 tons to 870,000 tons, marking the sixth straight year of growth, with exports soaring (especially to Russia), which is spurring further investment.