The Middle East market has been under tremendous pressure this season with poor and unstable market conditions, slow sales rates and price levels on most commodities.  Increase in tax and inflation levels has led to lower consumer buying power in general.

1.00 USD = 3.67 AED (Emirate Dirham)
1.00 USD = 3.75 SAD (Saudi Riyals)
1.00 USD = 95.03 BDT (Bangladeshi Taka)
1.00 USD = 79.68 INR (Indian Rupees)
1.00 USD = 16.23 ZAR (South African Rand)

Citrus 

South Africa has come to an agreement with the European Union regarding over 2,000 containers of citrus that was blocked in EU ports and could not be cleared. 

Interim measures provide that the fruit be treated at the cold treatment facilities in the EU.

Market update

The Middle East market remains under pressure for citrus fruit, however there seemed to be a slight upward trend in price levels in Saudi Arabia for oranges from South Africa and Valencia oranges from Egypt, however the overall Middle East market remains unstable for citrus fruits.

There has been an overall increase in the volume of citrus shipped YTD from South Africa to the Middle East market by the end of week 31 compared to the same period last season. Exported volumes indicate 14% increase on oranges, lemons are up 15%, and soft citrus by 8%.

Market Prices (Dubai, Kuwait and Jeddah)

Pome

Combined apple shipments from both Chile and South Africa to the Middle East are still 5% down compared to the same time last season.

Market update

The last apples from South Africa is being packed, however market opportunities to the Middle East is limited due to the fruit arriving with the new season apples from Spain, Italy, Turkey, Greece and Serbia.

Market Prices (Dubai, Kuwait and Jeddah)

Grape, Stone & Kiwi Fruit

Update on Kiwi Fruit and a market update in the GCC countries

Continued downward trend in price levels for Chilean Kiwi fruit as the market competes with Iranian Kiwi fruit at low price levels. In Saudi Arabia, lower price levels for Chilean Kiwi fruit arriving softer and volumes arriving from Dubai. There was a slight improvement in the price for Chilean Kiwi fruit in Dubai compared to last week, however price levels are still on the lower end.

Market Prices (Dubai, Kuwait and Jeddah)

India / Bangladesh

India

Demand and prices for pears are starting to pick up as supply from SA slows. Apple market still a dog. Soft citrus maintaining. Big collapse on oranges coming as SA exporters dump the market with too much volumes.

Bangladesh

The BDT has devalued by 20% again. This means it has devalued this year by nearly 40% already. It is more difficult to open LC’s and fewer banks are opening LC’s. Orange market is selling $2 below cost. Chinese apple pricing drops daily affecting the SA apple pricing. Soft citrus still maintaining good pricing.

PPECB Statistics

Decofrut Statistics

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