Update on the market in the GCC countries.
Saudi Arabia is expecting an increase in demand and sales during the Hajj period that will be celebrated by about 2.5 million Pilgrims between 14 – 19 June 2024. There has been an increase in the demand for Lemons and Navels from South Africa. However, Pears remain stable as there is the option of summer Stone fruits from Jordan at low prices and consumers prefer these fruits. There is a good opportunity for Royal Gala Apples due to less availability in the market.
.
| 1.00 USD = 3.67 AED (Emirate Dirham) |
| 1.00 USD = 3.75 SAD (Saudi Riyals) |
| 1.00 USD = 117.36 BDT (Bangladeshi Taka) |
| 1.00 USD = 83.43 INR (Indian Rupees) |
| 1.00 USD = 18.89 ZAR (South African Rand) |
Citrus
Citrus fruit
Continuous rain in both the Western and Eastern Cape has hampered Citrus packing. Priority in the Eastern Cape is to finish packing Novas, as Lemons can hang on the trees for a longer period. Some growers in the Northern regions will have their second pick of Lemons, however the sizing will be smaller (count 138-189). The picking and packing of the first early Tangos will start in the Northern areas next week. The Turkey Valencia crop will also start slowly next week with the colour starting to break due to a drop in temperature resulting in colder nights. The South African local market for Orange processing/juicing price has doubled compared to the 2023 season. The export market will compete with the local juice price for these Oranges.
In General
Climatic conditions have affected the 2024 Brazilian Orange production, and it is expected to drop by 24.36%. Brazil is the world’s largest Orange producer with less than 1% of fresh Oranges being exported, however Brazil account for 70% of all Orange juice exports.
Market update
Increase in market demand and price for South African Navels and Lemons. Mandarins from South Africa are maintaining high price levels and selling between $17.30-$19.20 (10kg). However, the Middle East market is concerned that there will be an oversupply in coming weeks, and this will cause a downward trend in price levels. High volumes of Egyptian Valencias in the market and selling between $7.00 – $8.50 (14kg).
Market Prices (Dubai, Kuwait and Jeddah)
Pome
Pome fruit
South Africa
There has been a decrease of 8% on Pear volumes and an increase of 12% on Apples exported to the Middle East from South Africa compared to the same period last season. South Africa is at the tail-end of the apple season with about 4-5 weeks left on the packing of Royal Gala Apples.
Market update
Royal Gala price levels are at the highest level in Madinah and selling from $24.50 and higher compared to Jeddah, Dammam, and Riyadh. This is in preparation for Hajj, and people will start traveling to Mecca over the next 4 days. The market is stable for Forelle Pears from South Africa and selling between $17.30 – $19.20 (10kg).
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 – Market update
There is still limited options of Kiwi fruit available in the market with supply predominately from Iran and Greece. Iran is selling between $16.00 – $17.35 (10kg). There is a good market opportunity for Kiwi fruit from Chile, however Chile is in their CA period and supply is limited.
Market Prices (Dubai, Kuwait and Jeddah)
India / Bangladesh
India
India Apple crop delayed
The India Apple crop is delayed by about two weeks. This should help the movement of imported Apples that are still struggling to move through the chain.
.
Bangladesh
NOVA Easy Peeler
The Nova market is still good as prices are more in line with the market’s expectation compared to Nadorcott/Tango. This demand for Novas will stay the same till the end of the season.
SA Statistics
Decofrut Statistics
Follow links to our social pages