During the ongoing marketing year, prices remain firm above the historical reference period, as expected, due to a small crop. There are indications pointing to a Polish crop even smaller than initially expected due to extreme weather events and absence of sufficient labour because of the crisis.
The new marketing year (2020/21) started on 1 August 2020. WAPA/Prognosfruit delivered production forecasts for 21 Member States. The volume of the EU28 crop is expected to be about 10,792,000 tons of which slightly under 2% is the UK crop.
The volume of the new crop is 1% below the preceding 'small' crop and 7% less than the 5 year reference average.
The level of stocks has been low during the marketing year 2019/20 (15% below the reference 5 year average on 1 July 2020). Given the small incoming volumes expected for the new crop, stocks should remain at low levels during the ongoing marketing year.
Prices have been above normal levels during the last marketing year. This is expected to continue for one more year.