Glace Cherries Market Update 22.06.2023
The cherry market is facing a major crisis in Europe, due to the extreme weather conditions in the past few months. The harvest in Eastern Europe has been reduced by 40-50%, and in Spain by 80%. This is leading to a very low supply of cherries on the market, and prices are expected to rise significantly
Turkey, on the other hand, is expected to have a good crop this year, and the supply of Turkish cherries is likely to increase. However, even with the increased supply from Turkey, the overall market for cherries is expected to be tight in 2023.
The suppliers are well-positioned to weather this storm. They have a strong network of suppliers in Europe and Turkey, and is confident that it will be able to secure the necessary quantities of cherries to meet its customers' needs.
In addition to cherries, glace fruits suppliers also sources citrus fruits. The lemon crop is expected to be similar to last year, but the orange crop is expected to be down by 33%.