Update on the market in the GCC countries.
Heavy rains and flash flooding have swept parts of the Gulf region in Dubai, Oman, Bahrain, and Qatar. The disastrous flooding has resulted in road closures, suspended transport services, travel disruptions and school closures. The market has literally come to a halt during this week due to the devastation. During the period of Eid, there was only a slight movement on volumes, however market prices didn’t pick up. Only Grapes, Plums, and Pears picked up for Eid, however, before Eid the market was not doing well on these commodities. Bananas were selling below cost. This is the first time in many years that there has been a decline in the Middle East market during Eid. Many wholesalers and retailers have high volumes of stock that did not move during Eid as anticipated.
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| 1.00 USD = 3.67 AED (Emirate Dirham) |
| 1.00 USD = 3.75 SAD (Saudi Riyals) |
| 1.00 USD = 109.99 BDT (Bangladeshi Taka) |
| 1.00 USD = 83.51 INR (Indian Rupees) |
| 1.00 USD = 19.18 ZAR (South African Rand) |
Citrus
Citrus fruit
There was a 4% decrease in exported volumes of lemons from South Africa to the Middle East compared to the same period last season. The packing of first Nova volumes from the Eastern Cape has started with small volumes, however this crop is 2 weeks earlier this season. The packing of the firsts Novas in the Northern areas will start next week (week 17).
Market update
There is not much volume left on Lemons from Egypt and quality is not good, however the market has supply from South Africa, and sales is slow with low price levels. The market is currently supplied with Nadorcotts (with leaves) from Spain. This is highly sought after and should be in the market for 1 month. There isn’t much volume of Soft Citrus in the market and there should be a good opportunity for the first Novas from South Africa, however this is only until volumes start to increase.
Market Prices (Dubai, Kuwait and Jeddah)
Pome
Pome fruit
South Africa
There has been a decrease of 10% on Pear volumes exported to the Middle East from South Africa, however there is an increase of 16% on Apples exported to the Middle East from South Africa compared to the same period last season. Volumes on Pears and Royal Gala Apples will decrease week on week as we go into the CA period of the season.
Market update
The market is stable on Apples; however, sales and demand has not picked up due to supply from many countries that is still available in the market. The market is unpredictable and there will only be a clearer market prediction in a few weeks once volume has moved out of the market. There has however been an increase in the demand for South African Pears.
Market Prices (Dubai, Kuwait and Jeddah)
Grape, Stone, Kiwi Fruit
Grapes -South Africa
No report.
Market update
No report.
Stone Fruit -South Africa and Chile
No report.
Cherries
No report.
Mangoes
No report.
Market update
No report.
Kiwi fruit
No report.
Market Prices (Dubai, Kuwait and Jeddah)
India / Bangladesh
India
Poor Quality Flash Gala
Poor quality Flash Gala and Big Bucks in the market is putting a lot of pressure on the price of this commodity. Packhams still struggling. Vermonts and Royal Gala varieties are doing well.
Bangladesh
Apple Market Down
Apple sales have resumed after the conclusion of Eid holidays. Sales are slow on both South African Royal Gala and Golden Delicious Apples, despite the 50% drop in Goldens shipped compared to last year.
SA Statistics
Decofrut Statistics
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