Moldova: Cherry prices are dropping rapidly

Cherries in Moldova have seen a price drop of some 20-25% over the past week. This means that wholesale prices for cherries with a caliber of less than 26 mm declined to 18-25 MDL/kg ($1.01-1.41/kg) by the end of the week.

The ripening of mid- and late-ripening cherry varieties is slow everywhere due to the large difference between night and day air temperatures. The period of peak harvesting and the arrival of products on the market is shifted by another week. At the same time, the potential 2021 harvest of cherries will be about 20% lower than last year. Cracking of unripe fruits is also observed due to heavy rainfall. experts assume that, as more medium and low-quality cherries become available on the domestic market this week, their prices will continue to decline. In June 2019 when there were similar weather conditions, wholesale prices for large cherries fluctuated within 20-25 MDL/kg ($ 1.12-1.40/kg) and within 14-19 MDL/kg ($ 0.78- 1.06/kg) for small ones. In the same period of 2020, prices for both were 2-3 MDL/kg higher.

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