During the first five months of 2024, Brazil experienced a 12% increase in papaya exports, reaching 17.60 thousand tonnes, as per Comex Stat data. This period also saw export revenue climb to $23.45 million, a rise of 3% from the previous year. The growth in shipments has been linked to a temporary boost in national supply, with expectations of a larger harvest in the latter half of the year, as noted by Hortifrúti/Cepea. Europe's consistent demand has significantly contributed to this trend. Despite these gains, the revenue growth remains modest, influenced by the pricing pressures from European importers. The larger volumes of Brazilian papaya entering the market have led to a decrease in prices, even though Brazil encounters minimal competition in the European market.
Source: datamarnews.com