Top 5 -yesterday
- California stone fruit growers remain watchful following recent rains
- "Export price of Chinese ginger increased by nearly 30% compared to last month"
- Tshwane market closed in crackdown on non-compliances with labor and immigration law
- Seven produce industry trends of 2022
- "I can't remember when Brix levels have ever been as high"
Top 5 -last week
Top 5 -last month
- Schoeman Boerdery extends a hand to a hundred rural communities
- No workforce means that fruit remains on trees
- “Japanese market is very demanding when it comes to fruit quality”
- “Citrus from South Africa, Egypt, Morocco and Argentina are highly sought after in Baltic”
- Fate of South African oranges en route to Europe discussed at highest political levels
Surplus and low consumption affects global citrus market
Spain, Morocco and Egypt all saw good harvests, which directly affected the price. A ten percent increase or decrease in yield can have major implications for the market. Spain experienced a very good season, which puts pressure on prices. In combination with disappointing consumption figures, probably due to the warm winter, the effects are dramatic. In Spanish regions like Seville, bankruptcies are expected among growers and cooperatives. The smaller growers in Valencia get better prices thanks to stronger exporters.
Russia closed for business
On top of this are the practices of Moroccan traders. These are said to flood the markets with Moroccan citrus, which puts further pressure on prices. Political unrest and rising tensions between Russia and the EU also seems beneficent for Egyptian and Moroccan traders. For Spanish exporters, it is difficult to export to Russia, as Russia is increasingly looking for new suppliers outside the EU.
Egypt bigger than South Africa
In Egypt, roughly between Cairo and Alexandria, the climatic conditions are ideal for growing citrus. It’s expected that the North African country will produce more citrus than South Africa in the next five years. US investors, among others, have a lot of money invested in Egyptian citrus cultivation. Political unrest in Egypt has little effect on the crop.
Clementines, on the other hand, are little affected by these developments, and are fetching far better prices. Spain and Morocco don’t provide clementines and mandarins at the moment, and the harvest in Italy and South Africa is particularly good. South Africa has curbed exports of mandarins in connection with the unrest in Russia and the stringent EU regulations. As a result, there is sufficient supply from the African country.
Receive the daily newsletter in your email for free | Click here
Other news in this sector:
- 2022-08-11 South African government negotiates a settlement with the European Union to clear citrus blocked in EU ports
- 2022-08-11 South African citrus exports up 7% mid-season despite global industry challenges
- 2022-08-10 'Major milestone for Australian Delite mandarins'
- 2022-08-10 First US detection of citrus yellow vein clearing virus
- 2022-08-10 "Our job is to obtain a better lime than other countries or other conventional suppliers are offering"
- 2022-08-10 Great opportunities for Australian agri exports in Bangladesh
- 2022-08-10 Brazil’s central region citrus season finishing with last month of tangerine harvest
- 2022-08-10 "Phyto-barrier causing headaches for Dutch citrus importers"
- 2022-08-09 China suspends various fruit imports from Taiwan
- 2022-08-09 Save Foods builds momentum with Mexican lime exporters
- 2022-08-09 Tahiti lemon experimented with to combat fungal disease
- 2022-08-09 Ghana: Orange growers hopeful of bountiful yield
- 2022-08-09 The Valencian Community expects a 10% decrease in the next citrus harvest
- 2022-08-09 "How should I react to the new European regulations on South African citrus?"
- 2022-08-09 Gamtoos River Valley growers buckle under sixth year of strict water quotas
- 2022-08-09 Egypt remains the world’s largest orange exporter
- 2022-08-08 Save Foods prepares for citrus season in Turkey
- 2022-08-08 Zimbabwe: Rich pickings for Mvurwi citrus firm
- 2022-08-08 Citrus crisis: SA government lodges WTO dispute, requests consultation to address EU measures affecting citrus imports from South Africa
- 2022-08-08 RED Grant helps Mareeba citrus growers meet market demand for fresh fruit