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BLE Market Report KW22 / 18
Asparagus supply dropped a little but is still too largeAsparagus
The season finale is gradually approaching. Although supply was limited, it was often still too high. In some cases there were lots of inferior quality. Promotions should reinvigorate the sluggish business. Sometimes, fresh lots had to be forced into the market at considerable discounts. Even in the weekend, selling out the stocks was impossible. On the other hand, the somewhat reduced supplies caused some price stabilizations. Here and there, prices even rose a little on Friday. This was primarily the case for green asparagus of optimal size; the smaller products did not benefit as much. A local supply bottleneck in this sector helped the Dutch competition sell their wares from €4.25 per kg.
Based on the dwindling range of varieties, the lots from Europe would often become slightly more expensive. At any rate, the increasing uncertainty regarding the quality sometimes resulted in lower prices.
Overall, supply correlated well with demand. Distributors hardly needed to modify their previous prices. But fruits were sometimes of lesser quality and then prices had to be lowered.
The high starting prices of the Mediterranean lots were counterproductive to quick sales. At the same time, however, demand was somewhat higher due to the warm weather.
The sales figures skyrocketed because of the weather. At the same time, availability grew as well. There was an oversupply. Traders were forced to adjust their prices downwards.
In terms of colour, taste and condition, supply was very diverse. So the same was true for the price ranges. In general, these dropped somewhat over time as supply was to large.
Supply has apparently increased, resulting in lower prices. Domestic products from southern and central Germany were not exactly of good sizes, which is why they generated insufficient interest.
Peaches and nectarines
The prices of Italian fruits remained relatively high, which made customers hesitate. The Spanish and Greek lots were cheaper, which is why they were preferred.
The declining supply of European offers from Italy and France has been fully offset by growing supplies from New Zealand and -to a lesser extent- Chile.
As the influx of Verna from Spain remained tight, their prices hardly changed. So prices stayed at a pretty steady level. The overseas campaign has started.
The business was rather quiet. Competition from European summer fruit was too strong.
Supply was sometimes so large that prices had to be reduced. At some places supply was moderated more, so prices could remain constant.
The steady sales of domestic lettuce allowed the distributors to fix prices at a stable level. For the weekend they were able to raise their prices marginally.
Demand was not always completely satisfactory, but here and there it was all right. Prices therefore often moved to their previous ranges. Sometimes too much supply forced prices down.
Although demand had grown due to the hot weather, it could not keep up with the expanding supply. Oversupply was inevitable. Prices plummeted.
Dutch imports dominated the trade. Routine distribution of goods often resulted in constant prices, which fluctuated within a quite narrow range.
Onions were mainly coming from Spain. Chilean alternatives were missing in Berlin and Munich. Their prices were very consistent.
Source: BLE, Marktbeobachtung
Publication date: 6/11/2018
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