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Frank Ocampo, Hagé International:
“No surprise if prices for large pineapples reach 12/13 euro”
Pineapples are currently selling well. “Demand started increasing last week, and prices have also risen,” says Frank Ocampo from Hagé International. “Supply will be low in the coming weeks, in part because of the heavy rain in Central and Northern Costa Rica. Smaller amounts have been harvested because of this, and considering this has not really changed in the first weeks of January, I expect pineapple prices will increase in coming weeks. I expect this situation will not change before February, and ‘regular’ supply will only stabilise in late March.”
“This price increase already took place last week as well. I would sooner estimate prices to be around 10 euro for large sizes (5, 6 and 7), 9 euro for size 8 and 8.50 euro for sizes 9 and 10 for next week. But because of the heavy weather in Costa Rica, it is expected that fewer larger sizes will be harvested in coming weeks. That is why it would not be surprising if prices for sizes 5, 6 and 7 will be between 12 and 13 euro,” Ocampo continues. “I expect that sizes 8, 9 and 10 will remain stable in pricing. A good 9 euro is feasible for small sizes next week, and size 8 will also be around 10 or 11 euro if there is a shortage of large sizes.”
“This will not have many consequences for the juice industry. Quality will be rejected for export here and there because of the rain, meaning more can be sold to the juice industry locally. Many small and mid-sized cultivators will choose to do this in order to avoid risks in the fresh industry,” Ocampo expects. “Because of the expected shortages in large sizes in coming weeks, the market for topless pineapple will also become difficult, as well as for the processing industry. Panama and possibly other countries could now offer a good alternative in order to meet a need for large sizes.”