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Serbia claims a loss of 80% of raspberry crop

Last week a detailed analysis of raspberry prices was published,  which predicted a price rise for this berry in Ukraine and in the world.

The main reason was the almost universal reduction in the area and production of these berries in the leading exporting countries of frozen raspberries: in Serbia, Poland, Bosnia and Herzegovina and Ukraine. This week came additional evidence of the high likelihood of such a scenario for the development of the raspberry market next year - Serbian manufacturers claimed that 80% of the raspberry harvest in the country was lost due to adverse weather conditions.

EastFruit analysts think the raspberry losses are clearly being overestimated. Nevertheless, even if Serbia lost a third of the raspberry harvest due to bad weather, coupled with a decrease in acreage, this could lead to a strengthening of world prices for frozen raspberries, even more significantly than predicted at the beginning of the week.

In 2018, Serbia earned $ 261 million on exports of frozen raspberries and blackberries, which accounted for about 29% of the global market. Three years earlier, Serbia earned $ 40 million more. At the same time, in quantitative terms, exports continued to increase and reached a record 135 thousand tons in 2018 - 40 thousand tons more than in 2014.

If the production of raspberries in 2019 indeed decreases, this might be beneficial for growers in Ukraine, as it might lead to an increase in average world prices and will help ensure that the prices for raspberries in Ukraine will be significantly higher than in 2017 and 2018 . 


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