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Average price of Spanish pumpkins up 21.3% in the weeks up to 13 October

The average price of Spanish pumpkins rose by 21.3% in the three weeks up to 13th October 2021. They went up 14% year on year, to €0.57/kg amid high seasonal demand. In 2020, Spain was the second largest global exporter of pumpkins. Prices in the UK are expected to follow a similar trend, based on the high reliance on imported pumpkins from Spain and the domestic supply chain disruptions.

Seasonal demand for pumpkins is rising globally, leading to a price increase in October 2021. Demand for pumpkins this season has been soaring, with one UK retailer expecting an increase in demand of 15% y-o-y.

Moreover, in the UK, Brexit complications caused an HGV driver shortage which disrupted the pumpkin supply this year. This resulted in delays in deliveries throughout August, thus triggering a supply shortage in the UK.

The supply shortage was further exacerbated by unfavorable cold weather conditions in August, which affected the development of the crop during the growing season, resulting in lower pumpkin yields compared to the previous year. Overall, pumpkin prices in the UK are expected to remain firm this autumn, mainly driven by higher prices in Spain combined with supply issues and comparatively higher y-o-y demand in the UK.

Source: mintecglobal.com


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