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Falling prices in final stretch of the campaign
Spain: Egyptian and Moroccan oranges push prices down
With just 5% of the harvest left to be completed, the 2017-2018 citrus campaign is in its final stretch. Palmanaranja, a citrus professional association, believes it has been a good one, even though "prices will be lower, with fewer market opportunities, due to the import of oranges from Egypt and Morocco." Citrus professionals consider these countries unfair competitors, since they have lower production costs. The president of the citrus association, Antonio Carmona, manager of Sunarán, points out that "the campaign has been good, even though we see a considerable drop in the demand and prices in the final stretch because of the fruit arriving from Egypt and Morocco."
In the last session of the citrus board of the Lonja of the Chamber of Commerce (held on 31 May), it was revealed that the price of Valencia late oranges had dropped to between 0.24 and 0.29 Euro per kilo. On 10 April, the same variety cost between 0.35 and 0.40 Euro per kilo.
As for the rest of the campaign, the sector is undoubtedly happy with the development of prices and markets. In February, when the National Citrus Fruit Lonja met in Palma in the framework of Asaja's 5th Citrus Conference, prices were described as "good enough to compensate for the disasters of the previous campaigns," according to the president of Asaja Córdoba, Ignacio Fernández de Mesa.
Palmanaranja highlights the good performance of the Navelina and Salustiana varieties during the first stretch of the 2017-2018 campaign.
Now, with the harvest expected to come to an end shortly, prospects are already good for the 2018-2019 campaign. The president of Palmanaranja explains that the mild temperatures recorded this spring, quite unlike those of last year, are favourable for the flowering and fruit setting, and make the fruit stronger. The president of the interprofessional adds that "everything points to a normal harvest."
Publication date: 6/12/2018
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