The market has been very slow this week due to the Eid holidays and should start picking up next week again once all the holidays are finished.
The rain up north has delayed lemon packing. The strikes in the Sundays River area have also delayed the picking and packing of lemons. By the end of week 17, there was a decrease of 38% of lemons shipped to the Middle East compared to the same period last season.
| 1.00 USD = 3.67 AED (Emirate Dirham) |
| 1.00 USD = 3.75 SAD (Saudi Riyals) |
| 1.00 USD = 86.81 BDT (Bangladeshi Taka) |
| 1.00 USD = 76.91 INR (Indian Rupees) |
| 1.00 USD = 16.03 ZAR (South African Rand) |
Citrus
The packing of the first Navel varieties (Bahianinha and M7) in the Northern area of South Africa has started and by the end of week 17, there were about 4 containers shipped to the UAE and Qatar, however, this volume shipped YTD is -94% down compared to the same period last season that started much earlier.
Last week (week 17) was the first Nova packing with limited volumes being shipped to the Middle East, however, there was a decrease of -83% total volumes shipped YTD compared to the same period last season.
Market update on Citrus from South Africa
There are still navels available from Spain as well as high volumes of good quality valencias from Egypt in the market at low price levels. The South African navels will compete with these navels and valencias currently in the market.
The market is currently supplied with mandarins from Egypt, Spain, and Morocco.
Market Prices (Dubai and Kuwait)
Pome
No real movement in apple shipments from both Chile and South Africa. Combined apple shipments from both Chile and South Africa are down by -19% compared to the same time last season.
South Africa and Chile have committed programs to Europe and other markets on red apples that need to be fulfilled. Lower volumes of red apples are being packed due to South Africa and Chile switching pack lines to start packing other apple varieties such as pink lady, Cripps pink, Fuji, Granny Smith, and Golden Delicious apples.
There has been a 3% decrease in pears shipped YTD from South Africa to the Middle East compared to the same period last season.
Market update
Continued high demand for Royal Gala and green apples with high price levels with limited availability from South Africa, and Chile.
Market Prices (Dubai and Kuwait)
Grape, Stone & Kiwi Fruit
Update on Kiwi Fruit and a market update in the GCC countries
Kiwi fruit volumes shipped YTD from Chile to the Middle East are 31% down compared to the same period last season. This can be contributed to the higher freight rates resulting in lower demand for Kiwi fruit.
Market Prices (Dubai and Kuwait)
India / Bangladesh
India
Numerous importers are now under-declaring on duties due to the high prices. This is making it difficult for ethical importers to compete at higher prices. India’s interest rates were increased by 40 basis points, which will put more pressure on already stressed consumers.
High apple prices are finding pushback from consumers. Egyptian citrus is selling at big losses.
Bangladesh
No report due to EID Holidays.
PPECB Statistics
Decofrut Statistics
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