Update on the market in the GCC countries.
The market remains slow with a notable downward trend for Mandarins from South Africa, as the market is flooded with volumes. There are many in store promotions to try and move stock. On a more positive note, other commodities remain stable, with a high demand for South African Pears with limited availability.
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| 1.00 USD = 3.67 AED (Emirate Dirham) |
| 1.00 USD = 3.75 SAD (Saudi Riyals) |
| 1.00 USD = 117.68 BDT (Bangladeshi Taka) |
| 1.00 USD = 83.61 INR (Indian Rupees) |
| 1.00 USD = 18.32 ZAR (South African Rand) |
Citrus
Citrus fruit – South Africa
Both the Valencia and Navel estimated crop from South Africa will be reduced even further. Revised volumes to still be confirmed.
Some areas up North are experiencing problems with colour development on the Midknights and Delta’s, and this is because of the unexpected dry weather experienced in February. The normal weather pattern during February and March is rain and this is good for colour development.
In the Northern regions, the areas that were affected by severe frost is still being assessed to determine the extent of the damage.
Late Navel volumes from the Citrusdal area in the Western Cape were already down, and now with the expected 3 weeks delay in picking due to rain and the access road being damaged, the volumes are likely to drop further. With fruit size being on the small side, and pack outs lower than normal, the export crop is likely to be the lowest in years.
Market update
High volumes of Egyptian Valencias in the market. The Egyptians are trying to store for a longer period to achieve higher values later, in hope that South Africa will send less Valencias to the market due to the high local juice price.
Market Prices (Dubai, Kuwait and Jeddah)
Pome
Pome fruit
South Africa
South Africa is at the tail-end of the season on Apples, with about 1-2 weeks left on the packing of Royal Gala Apples.
Market update
Saudi market expected a higher market price on Royal Gala Apples this late in the season, especially with only South Africa, Chile, and Brazil in the market. France is expected to ship their first new season full blush Apples (Harmony variety) in week 30 – 33 with limited volumes, and the first striped RGL from France is expected to be shipped in week 33/34 (mid-end August).
The market continues to be strong for South African Pears with limited availability.
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 market is stable due to no oversupply in the market. Dubai have maintained high prices for Chilean Kiwi fruit, with a slight drop in market prices for Kiwi fruit from Chile in Saudi Arabia.
Market Prices (Dubai, Kuwait and Jeddah)
India / Bangladesh
India
Apple doing well again.
The Apple market is doing well and should maintain for the next couple of weeks. Vermont prices are also increasing slightly.
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Bangladesh
Orange update
A high demand for South African Valencia led to a 100% increase on volumes shipped. Local orange juice prices remain high.
SA Statistics
Decofrut Statistics
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