Market Report Week 24 - 2024

Update on the market in the GCC countries.

There was an increase in sales and price levels for pre-Hajj sales for Mecca. Mecca market will be quiet over the Hajj period; however, the market is expected to pick up again as Pilgrims move from Mecca to Medina from around 20 June. There is a continued high demand for Mangoes and Stone fruit that is available in the market at low price levels. Royal Gala Apples and Lemons are in high demand due to limited availability in the market.

1.00 USD = 3.67 AED (Emirate Dirham)

1.00 USD = 3.75 SAD (Saudi Riyals)

1.00 USD = 117.77 BDT (Bangladeshi Taka)

1.00 USD = 83.55 INR (Indian Rupees)

1.00 USD = 18.44 ZAR (South African Rand)

Citrus
Pome
Grape, Stone & Kiwi Fruit
India & Bangladesh
PPECB Statistics

Citrus

Citrus fruit

The latest predicted industry estimate for Citrus exports from South Africa has been revised from 179.8 – 171.7 million cartons. The drop in volumes is on Lemons and Grapefruit that dropped + 1 million cartons respectively, Navels dropped by + 4 million cartons, and Valencias 2.2 million cartons. Mandarins – the packing of Nova and Leanri varieties should be finished by the end of week 24, with Royal Honey Murcotts being finished by the end of week 25 in the Northern regions. The Nadorcott crop will be good this season, and the packing of small volumes have started in the Northern regions. Oranges – Due to the Global shortage of Orange juice, the local Juice factories are offering good prices for Navels and Valencias, which will reduce the volumes being packed for export.

Market update

Continued increase in market demand and price for South African Lemons. Spanish Navels are still in the market, however downward trend in price levels due to South African Navels in the market. There is still high volumes of Egyptian Valencias in the market and selling between $5.85 – $8.00 (14kg). Although Soft Citrus exported from South Africa to the Middle East is down by 4% compared to last season, the Middle East is concerned about the current volumes in the market . Hopefully more volumes will be sold during the Hajj period, and the gap between the end of packing for Novas/Leanri until the start of packing for Nadorcotts should assist in alleviating some volume in the market.

Market Prices (Dubai, Kuwait and Jeddah)

Pome

Pome fruit

South Africa

There has been a decrease of 7% on Pear volumes and an increase of 10% on Apples exported to the Middle East from South Africa compared to the same period last season. Volumes on Royal Gala Apples from South Africa will continue to get less week on week, with less bins being packed. The season will end by the end of June, beginning of July.

Market update

High demand for Royal Gala Apples due to less volume available from South Africa and Chile that are at the tail-end of the season for red apples. Higher price levels for Forelle pears in Jeddah and Madina due to Hajj and selling between $20.80 – $21.35 (12.5kg), while price levels are slightly lower in Dammam and Riyadh in Saudi Arabia and selling between $20.00 – $20.55 (12.5kg).

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

The first Kiwi fruit from Chile has made arrival in Saudi Arabia. Price levels are high at $32.00 (10kg), however only a few pallets have currently been sold at this level, as Iranian Kiwi fruit is pushing market price levels down to $21.33. This is more attractive for consumers to buy at these levels.