Exports to EU will keep cherry prices high in Moldova

Officials from Moldovan agricultural producers’ organizations have pointed at several factors that can significantly affect the prices of cherries on the domestic market in early summer 2021. However, not all of them share the opinion that prices for local cherries at the beginning of the marketing season will be significantly lower than last year that was noted for a low production.

At the end of May/beginning of June 2020, the level of average wholesale prices for cherries, depending on their size, fluctuated within 30-40 MDL/kg ($ 1.70-2.27/kg), and a year earlier – 14-30 MDL/kg ($ 0.77-1.66/kg).

Experts of fruit producers’ associations explain the difference in price levels by a significant exchange rate difference, and lower production in 2020. Last year, due to spring frosts, it was already clear at the beginning of the season that there would be big losses, and this was confirmed later. According to estimates, the harvest of cherries in Moldova reached 11,000 tons in 2020, almost half of about 20,000 tons in 2019.

This year, the weather conditions are still favorable for cherry producers and cherries have so far suffered from frost and hail less than in 2020.

Since prices for sweet cherries in the EU remain high this year due to huge crop losses caused by weather, export opportunities for Moldova are going to be better than usual. EastFruit analysts  earlier pointed out the opportunities for Moldova and Ukraine to export cherries to Italy but other EU countries will have good demand for this fruit during the season as well.

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