The Brazilian fruit market is seeing a decline of 11.6% from shipments concluded until July. There has also been a drop in profit margins, which might decrease even further. In the São Francisco Valley, Brazil’s leading fruit export hub, 500 millimeters of rain were recorded between October 2021 and March 2022, up 65% from the historical average. Excessive humidity made it difficult to control flowering, on top of putting barriers to pest control and disease management.
Producers invested more to minimize adverse effects but ended up harvesting less; the quality of fruits also worsened. These losses resulted in a drop of 11.3% in the volume of fruits and derivatives exported by Brazil in the first seven months of the year, which stood at 518.900 tons. As a result, sales revenue dropped 11.6% compared to the same period last year to BRL 511.6 million.
Source: datamarnews.com