Although fewer volumes were sold for the entire assortment, the Peruvian company Camposol compensated with an enormous growth of 228 per cent in the volume of blueberries. Shrimp sales were good and high prices for avocados drove up the results for the first nine months of this year. Asparagus showed a price increase of 4.1 per cent, but because of a decrease in volume of 42 percent, that effect was insufficient to drive up the results.
Over the third quarter, the company had a turnover of 72.1 million dollar, an increase of 19.2 per cent compared with the third quarter of 2015. The results over the first nine months of this year amounts to 174.6 million dollars, an increase of 9.6 per cent. The total volume sold was 56,370 tonnes, down from 62,817 tonnes last year. The share of blueberries increased. Last year the berries had a share in volume of 2 per cent, this year that percentage is at 7.3.
Source: Camposol
The gross profit over the third quarter amounted to 28.1 million dollars. Over the first nine months of the year, gross profit amounted to 52.9 million dollars, an increase of over 20 million dollars compared with the same period in 2015.
Blueberries
Currently, the blueberries are the most lucrative product in the assortment. In the past two years, the largest part of investments therefore went to this crop. During the first nine months of this year, Camposol sold 4,134 tonnes. The volume increased with 228.6 per cent. The average selling price was just over 9 dollar per kilogram, which was a decrease of 3.7 per cent compared with the previous year.
Avocados are one of the most important products in Camposol’s portfolio. The company traded 20,86 tonnes of avocados during the first nine months of this year, at an average price of 2.17 dollar per kilogram. That was a decease of 17.8 per cent in volume, but a price increase of 19.2 per cent compared with the same period a year previously.
Additionally, 1,773 tonnes of frozen avocados were marketed. That was an increase in volume of 7.1 per cent. However, prices were under pressure, and decreased by 12.6 per cent to an average of 3.54 dollar per kilogram.
The volume of mangoes decreased by 0.6 per cent and amounted to 8,687 tonnes during the first nine months of this year. The average price was under pressure as well, and decreased by 35 per cent to 1.02 dollar per kilogram. Frozen mangoes did better, both in price and in volume. Volume increased by 35.9 per cent to 4,288 tonnes. Average prices also increased by 4.7 per cent to 2.22 dollar per kilogram. Preserved mango sales had a loss of 40 per cent in volume. Because of that, the volume amounted to 146 tonnes. The price was also under pressure and amounted to 1.91 dollar per kilogram (-1%).
The grape market was also under pressure. The volume marketed by Camposol stuck at 591 tonnes, a decrease of 84.6 per cent compared with the first nine months of 2015. Prices were also under pressure, and were 24.7 per cent lower at 1.37 dollar per kilogram.
Asparagus
The image of the asparagus market is slightly more positive. Camposol sold 4,665 tonnes of asparagus at an average price of 4.38 dollar per kilogram. This corresponds to a decrease in volume of 41.8 per cent. Prices showed an upwards trend, and increased 4.1 per cent compared with the same period a year previously.
Prices for shrimp increased by 44.5 per cent to 7.87 dollar per kilogram. However, volume was under pressure and decreased by 20.1 per cent to 6,694 tonnes.
During the first three quarters of this year, the Peruvian company invested 23.9 million dollar in various projects. The largest part of the investments went to the production of blueberries, 14.3 million dollar. Another 4.6 million dollar was invested in machinery and materials. Investments in other crops, including tangerines, grapes and avocados, amounted to 2.8 million dollars. The remaining 2.2 million dollars went to the production of shrimp and administrative improvements.