"The lime market was turbulent this year. There was a short period of good prices at the start of summer. After that, the market collapsed. This was due to over production in both Mexico and Brazil. That resulted in very low prices", says Elena Rogojnikova of Hagé International, a Dutch import-export company.
"The current market is more stable", she goes on to say. "This is, in part, due to the shortage of Brazilian limes. The new harvest is expected to arrive later this month. However, the price of €5,50-€6,00 for Mexican lines is low for this time of year."
"The demand is expected to increase in November and December, leading up to Christmas. This rise in demand will be most welcome after the difficult last few months. The question remains as to whether last year's price of about €12 is reachable. But, around €8,00–€ 9,00 is realistic", expects Elena.
"For the availability of limes, we also see the emergence of new production countries. These include Colombia, Peru, and Guatemala. This increased availability will, of course, influence the total volume of lines that are sent to Europe. To stabilize lime prices, it is, of course, important to keep available volumes under control. This is to avoid too-low prices", concludes Elena.