"Peru: "European demand will determine garlic prices"
"Prices are high, with a balance between supply and demand, so the profit margins of our producers have improved. Despite this, the price of garlic of Chinese origin is still 40% lower than that of the Peruvian product, so we cannot compete in markets where price is the main factor driving the purchase. This year, however, the market has been undersupplied, so the price is much better and the opening of new markets, such as Australia, are a good option. Within a couple of months we'll have the large pink garlic that this market demands, so it will be a good opportunity to enter it," explains the spokesperson.
Furthermore, he also stresses that this year the weather has been favourable for the production, as there have been enough cold periods that have helped improve the calibre and quality of Peruvian garlic. "Despite this positive start, demand in Europe will be one of the factors that will determine the prices this year, because, in the absence of regional production, more demand is expected. Moreover, this year Spain could become an interesting market, because it is a major consumer of garlic, and given the drop recorded in the product's supply there are increasingly more requests for Peruvian product. The harvest of the variety that is most demanded in Europe will kick off in mid-November and we expect a very good year," concludes the representative.
For more information:
Gregory Vickers
White Lion Foods
T: +51 964307071
E: greg@whitelionfoods.com
www.whitelionfoods.com