North America Edition
Between the 6th January and 10th February 2021, the Mintec price for Spanish cauliflower fell by 80% to EUR 0.5/kg, due to easing weather conditions, following storm Filomena.
Spanish cauliflower prices spiked to €2.5/kg on 6th January, with a drastic drop in temperatures and snow (caused by Filomena) in key growing regions across Spain, delaying production. Storm Filomena occurred during the second week of January 2021 and is reported to be the worst snowstorm to hit Spain in the last 50 years. The storm impacted the production speed, as well as logistics and transportation.
Due to easing weather conditions and a resumption in harvesting activities, cauliflower prices have since dropped. Furthermore, local reports have stated that the damage caused by storm Filomena may not have been as severe as initially expected. Market participants did not project the price fall at the end of January and February to be as swift, with cauliflower being a key export market for the UK, amid Brexit.
Source: mintecglobal.com
Photo source: Dreamstime.com
