Greek Currants Crop Update, 14.09.2022
The Crop was progressing well with an expected outcome of 21-22,000 MT. However, there was some extent, and in some areas, heavy rainfall recorded 2 weeks ago, which, as it turns out, did damage the Crop specifically in some areas, mainly in the Nemea Corinth region. We are estimating that this should decrease the expected overall volume of new Crop at around 10%, so we are now expecting a crop size of around 19-20,000mts similar to previous 2021 yield.
Below is a more detailed outlook on the current situation:
Aeghion Region (Vostizza): Progressed well, with damages recorded only on the higher hill areas due to the rainfall. Estimated to be of similar yield as last year.
Corinthian Region (Gulf): In this region, damages have been recorded, and overall, it is considered to be one of the most damaged areas due to the heavy rainfall, mainly in the valley of Nemea and the high hills of Kiato. A 25-30% reduction is estimated compared to last year.
Zante island (Zante): Some to no damages were recorded in the island, with an expected increase in crop size.
Elias region (Provincial): Similar to Zante, this region had no significant damages, and we expect a slight increase from last year.
Kalamata region (Provincial): Overall, this region progressed well with no significant damage. It is estimated to be a normal crop yield, most likely higher by at least 10-15% than last year.