The grape market is exciting to say the least. "The prices went up considerably in a few weeks. South Africa was expecting a record harvest, but it didn't come and it even seems like the volumes may be lower than last year. In the last two weeks South Africa has exported less than last year again," says Eddy Kreukniet of Exsa Europe.
"The South African season is two to three weeks ahead and the expectation is that the season will also end quickly," continues Eddy. "Our expectation is that the supply of white grapes will remain below level. And the supply of red grapes could be structurally low this season. The peak of Crimson grapes still has to be harvested, but due to the global demand from Europe, the United Kingdom and Asia this supply should be caught."
The grape supply from other origins is also limited. "There were serious shipments from India for the first time last week. The Indian grapes will not be of influence on the market for arrival week 10. The supply of Chilean grapes is also limited due to production problems and a good market in the United States. The total grape trade isn't really getting going."
"Up until week 15 the entire fruit supply won't be too wide. The demand for grapes is good and the consumption has been fine since January. If the retailers accept a slightly lower margin, the consumption will remain good. If the store price goes above 1.99 Euro, this will slow the consumption. In the end the demand will always be final for the price level," concludes Eddy.
"Up until week 15 the entire fruit supply won't be too wide. The demand for grapes is good and the consumption has been fine since January. If the retailers accept a slightly lower margin, the consumption will remain good. If the store price goes above 1.99 Euro, this will slow the consumption. In the end the demand will always be final for the price level," concludes Eddy.
For more information:
Eddy Kreukniet
Exsa Europe
Tel: +31 88 735 0003
Mob: +31 620 25 78 11
info@exsaeurope.com
www.exsaeurope.com