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Chile sends good cherry volumes to Hong Kong

According to Decofrut, because of the delay in cherry crops of at least one week, and low production expected for this year, the opening prices in Hong Kong / China recorded during week 44, were higher than those observed in the previous season, between USD 144 and USD 176 per box (according to size).

Decofrut notes that during week 45 and due to good demand and shortfall in
arrivals, prices remained high, showing contributions of up to USD 192-215/box of 5 kilos for the Bing variety. While for week 46, the company projected a decline in selling prices, with the entry of higher volumes in the coming days.

Although the consulting entity indicates, that an increase is projected in cherry exports for the 2012/13 season, of at least +13% over the 2011/12 period. Several factors, mainly climate, limited production this year, particularly low accumulation of cold during winter in the northern and central areas, as well as adverse weather conditions during bloom in the central-south area of the country, which would have limited pollination, through rain and hailstones.

In summary and according to the information gathered through October, is expected that during 2012/13 between 64,600 and 66,750 tons (13.2 to 13.6 million boxes) are exported to the different target markets. This range is between 7 and 10% lower compared to 71,774 tons (14.7 million boxes) exported in the 2011/12 campaign.

It is noteworthy that the low production is being reflected in deliveries of this
first part of the season, observing in week 44-2012 an output of only 15 tons, unlike 2010 and 2011, in which export volumes were around 198 and 112 tons, respectively.


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