The great influence of Egypt on Spanish citrus prices

When a fruit trader tries purchasing oranges from a citrus grower a few months before the harvest, the producer, noticing the buying pressure in the environment, will ask for an upward price. The former will then usually say that such a price is out of reach; that someone may pay it later on, but that it is still uncertain, because everything will depend on the Egyptian citrus campaign and the prices for which this country will export its fruit.

The entire Mediterranean basin, not only Spain and Morocco, but also Egypt, have been affected by the reduction in the production of mandarins and oranges. It has been confirmed that the harvest, which was already expected to be smaller than in previous years, has been reduced to an even greater degree than anticipated. That is why the last batches of Spanish Clemenules have been selling like hot cakes. In La Plana, a record 60 cents per kilo have been paid for them.

The prospect is also that the variety's supply will run out before Christmas Eve. What was available is already running out, and it is already taken for granted that the loss was not of 30%, as initially stated, nor of 50%, as accepted later, but maybe of 60% or more. In fact, there are orchards that have only produced a quarter or a fifth of their usual volumes.

As regards the Clemenules, we shouldn't forget that apart from this year's shortage, there are data pointing to a structural development. In twenty years, there have been no plantings of this variety; quite the opposite, in fact, as a lot of trees have been removed, and the trees grafted in Carrizo rootstocks die when they reach a certain age. However, despite these problems, Egypt doesn't have Clemenules, so its market does not have that much of an influence on this variety.

Egypt competes mostly with oranges, and in the second part of the campaign, but they have also experienced an overall reduction in the harvest. News have been published by specialized publications repeating the same thing, that there will be a lower supply from Egypt, Turkey, Morocco, Greece, Italy, etc. Some buyers have traveled to Egypt to see the pyramids, and on their return, the buying pressure hasn't been reduced, and they claim that they are still waiting to see what Egypt will do.



Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

© 2020

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber