Monthly Archives September 2014

Papaya and pineapple crops at risk from heavy rains

Though we hoped for an improvement of the Thai situation on pineapple and papaya with the new crop, unfortunately the situation worsened due to heavy rains in the approach towards the harvest. For pineapple it means a delay of 6 weeks and a smaller crop. With demand from the canning industry exceeding supply, the situation for the dehydrated fruits will be bad. First shipments will leave end of November and new orders will be accepted only for maximum 100 or 200 cases pineapple core and not before January!

Also papaya suffers from the weather circumstances and a smaller crop, as some farmers abstained from the papaya cultivation due to the GMO-risks. Situation not as bad as with pineapple, but for both products firmer prices are a fact.

date:  Sep 05, 2014 comments:  Comments Off on Papaya and pineapple crops at risk from heavy rains
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California Walnut industry facing problems?

California is coming to the conclusion a bigger crop can only be sold when buyers also buy more. This basic fact is exactly the problem the Californian industry is confronted with at this moment. Indeed the empty pipelines caused buying interest for the first shipments – backing the euphoria of the industry – but then it stopped. Chinese as well as Turkish and European buyers strongly believe the Californians shall have to give in as they stay away from the market.

At the moment we see the first weakness in the prices from California. Question remains will buyers need quickly a ‘refill’, which will support the higher prices, or will the Californian industry need to sell and make their prices more attractive. Underlying problem for the industry is the attitude of the farmers, who believe prices can only go up and expect processors to pay a higher price. With this myopia however they neglect what is happening in the rest of the world. For example a big crop in China, may cause Asiatic demand to fall substantially. Also other origins have invested in new walnut acreage, which will create more competition on the supply side in the coming years.

 

date:  Sep 05, 2014 comments:  Comments Off on California Walnut industry facing problems?
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Turkish apricots – Will there be a shortage?

Due to the weak Turkish Lira, the export prices in dollars have softened somewhat. Up to now the carry out and the small quantity of new crop could meet the diminished demand caused by the historical high price levels. In a few months however we expect a real shortage as consumers are not yet fully confronted with the high prices and consumption did not slow down at the same pace. So somewhere in the near future we will have a bottleneck, which can only be solved by the new crop 2015 – still 10/11 months ahead!

Also it will become more difficult to get the correct qualities towards the end of this ‘season’, as at these prices it will be worthwhile to upgrade questionable parcels.

As for natural apricots, in spite of a higher percentage dried as natural, the absolute quantity will be less than usual due to the minimal crop.

date:  Sep 05, 2014 comments:  Comments Off on Turkish apricots – Will there be a shortage?
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