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Hans Derks, Harvest House:

"Revival pepper market due to low supply, hail damage, and demand USA"

The revival of the pepper market is due to a few factors. "We had a period of time with good production values. Then the period with a low supply came, Spain was in a slump, America had a huge demand because of the 4th of July (Independence Day), and finally there was hail damage to top it off," recounts Hans Derks of Harvest House. 


Hans Derks
 
"At least 30 hectares of pepper plants have been destroyed by hailstorms. That might be a small amount with regard to the total acreage, but when combined with the factors stated above, it is definitely enough," says Derks. "The revival was necessary too, the preseason we had was moderate. The summer supply is typified by high peaks and deep valleys due to the weather conditions."

Except for the high demand from the US, there are no exciting things happening in the export business. "We definitely missed the Russian market this spring, but destinations such as the United Kingdom, Germany, and Scandinavia, are doing well. In addition, the trading parties are short in supply. This results in retail prices of €2.00 for yellow and orange peppers, €1.35 for red peppers, and even better prices for green peppers. Last week, the retail prices were far below €1.00 and now the larger sizes are somewhat above a euro per piece."
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