Update on the market in the GCC countries.
The Middle East market is showing positive market trends for Lemons, Apples, Bananas, and a slight increase for South African Valencias. However, there seemed to be a slight downward trend this week in sales and price levels for Mandarins, Late Navelate varieties and Pears.
The market is still supplied with Egyptian Valencias, and this is very late compared to last season when Egyptian Valencias was out of the market by mid-August.
Other commodities in the market that are doing exceptionally well is Garlic and Ginger.
| 1.00 USD = 3.67 AED (Emirate Dirham) |
| 1.00 USD = 3.75 SAD (Saudi Riyals) |
| 1.00 USD = 119.50 BDT (Bangladeshi Taka) |
| 1.00 USD = 83.95 INR (Indian Rupees) |
| 1.00 USD = 17.73 ZAR (South African Rand) |
Citrus
Citrus fruit – South Africa
The latest total Valencia projected estimate from South Africa is 49.6 million compared to 58.3 million cartons. The crop is expected to be down by 15% this season, with the season ending up North in the next 3 weeks.
From the Eastern Cape, all Oranges has finished in the area. Overall volumes were down as compared to the original estimates. With that being said, the market prices has increased significantly towards the tail-end of the season, and this will somewhat make up for the lower volumes.
There are still little volumes of Lemons available, mainly smaller sizes which will go for juice.
By the end of next week this area should totally be finished with all export volumes.
Market update
There has been a slight increase in price level for South African Valencias. Egyptian Valencias are still in the market, however volume is less. There has been a drop in price levels for Navelates varieties including Cambria, as well as Mandarins due to more volume available in the market. Stronger varieties of Mandarins such as Nadorcotts and Tango’s are being stored for longer periods to achieve higher prices in coming weeks, when less volume is available due to the end of the South Africa season. South Africa is also competing with new season Mandarins from Australia.
Lemons are doing very well with less volume available from South Africa and China.
Market Prices (Dubai, Kuwait and Jeddah)
Pome
Pome fruit
South Africa
Very limited volumes of stored Forelle and Vermont Pears still available from South Africa to try and extend the season for late Pears as far as possible.
Market update
Apples from Serbia have started to arrive in the market, and Italy and Spain are expected to make arrival in the market over the next few days. The price for Polish apples is currently very high and at current levels will not be able to compete in the market with France and Italy. The price for Polish apples should be in line with Serbia and Ukraine.
Decrease in sales and price levels for South African Pears with slow movement, as the market is competing with Ercolini Pears from Spain (8kg). However, these Pears don’t have a long shelf life and need to be sold quickly (10 days), whereas South African Forelle and Vermont Beauty varieties can be stored for much longer periods.
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
Only Kiwi fruit from Chile is available in the market and some Kiwi fruit from Iran. Greece should start making arrival in the market during September.
Market Prices (Dubai, Kuwait and Jeddah)
India / Bangladesh
India
No report.
.
Bangladesh
Apple Feedback
The market has picked up on sales of SA Royal Gala/Gala. And importers are able to recover some of their losses that they made earlier in the year. Currently, Chinese and Indian Apples are available in the market, volumes to start picking up.
SA Statistics
Decofrut Statistics
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