Skip to main content

Kiwifruit in Charts: With stocks at five-year high, how will prices fare for Chile?


The kiwifruit in a berry that originates in a large area of China, but especially in the Yangtze River Valley. Introduced into New Zealand in 1904, it has since been cultivated in numerous countries around the world. It was given the name ‘kiwi’ in New Zealand, possibly due to the similarity with the small, flightless bird native to the country. The fruit arrived in Chile in the 1980s, helping growers to diversify their offerings and improve profits.

Today the situation is quite different, and in this In Charts article we will look at what could be in store for the Chilean campaign in the U.S. market, and how it could compare to last year.

As we can see in the chart below, kiwifruit volumes in the U.S. in March 2019 were the highest in five years, which caused a slight price drop over the last few weeks.

Historic volume of kiwifruit (KG) in U.S. market


Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)

According to the Chilean Kiwifruit Committee, the country’s production could be around 5% lower year-on-year this season, with forecasts of around 175,000 metric tons (MT) compared to 184,000MT in 2018.

Historical volume of Chilean kiwifruit arrivals in the U.S. market


(Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)

Given this forecast, it is possible that prices of Chilean kiwifruit will, in turn, be around 5% higher, unless other origins like New Zealand send much larger volumes than last year.

Sales prices of Northern Hemisphere kiwifruit have been lower than the previous season, while stocks of Italian fruit have been similar to last year.

With the Chilean harvests now fully underway, supply looks like it will be stable in the U.S. over the coming weeks – amid the high stocks of Italian fruit together with Greek stocks – and this will likely keep prices below last year’s levels. The chart below shows the historic development of prices throughout the year.

Historic reported prices (USA) of kiwifruit in the U.S.


(Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)

As we can see from the following chart, Chile’s biggest competition comes from Italian and Greek kiwifruit stocks in the beginning stage of its season and New Zealand during its season.

Volume of kiwifruit arrivals in the U.S. (KG), per origin


(Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)

In summary, we are seeing a stable North American market, with prices to date lower than last season, and a stable supply of Greek and Italian kiwifruit. Prices will likely not rise until the end of the Italian season and will be heavily dependent on how supplies from New Zealand turn out.

Written by: Cristian Crespo
Original published in FreshFruitPortal.com on April 23, 2019 (Link)

Comments

Popular posts from this blog

Blueberry boom: Worldwide growth creates challenges for NW producers

Overview of the northwest blueberry season by Doug Krahmer of Berries Northwest, Cort Brazelton of Fall Creek Farm and Nursery, Kasey Cronquist of the U.S. Highbush Blueberry Council and Mark Hurst of Hurst's Berry Farm, complemented by charts from Agronometrics. Original published in www.capitalpress.com  on July 30, 2020 ALBANY, Ore. — On a seasonably warm July afternoon in the fertile Willamette Valley, Doug Krahmer stood between rows of organic blueberries and watched as a large mechanical harvester rolled slowly through the field, rattling bushes heavy with ripe fruit. Measuring a little more than 15 feet tall, 11 feet wide and weighing 7 tons, the harvester seemingly floated in the distance over neat rows while fiberglass rods, or “fingers,” shook the berries onto a conveyor belt that swooped them to the upper deck and into plastic crates. From there, the crates were loaded into refrigerated trucks and driven from the farm north of Albany, Ore., to a packing shed ea

The table grape industry is in uncharted territory right now

Overview of the potential impact of COVID-19 on future grape supply and price, by Ira Greenstein of Direct Source Marketing, complemented by charts from Agronometrics. Original published in FreshPlaza.com  on March 24, 2020 While the Chilean and Peruvian grape seasons are winding down and their weekly volumes are decreasing, the table grape industry has seen an uptick in demand in the past weeks. This is partially a result of the high retail movements due to the coronavirus panic-shopping of the past few weeks. Ira Greenstein of Direct Source Marketing says: “A month ago, importers had a real concern that the industry wouldn’t be able to move through the condensed volumes and huge inventories would be sitting in cold storages. That sentiment has completely reversed with substantially increased retail demand due to the COVID-19 pandemic.” With the lower volumes but increasing demand, the cold stores are rapidly being depleted and spot market pricing is expected to continue to i

Peru's blueberry oversupply takes its toll on export price

Overview of the Peruvian blueberry season, complemented by charts from Agronometrics.   Original published in FreshPlaza.com   on November 25, 2020  This year's Peruvian blueberry season began in June with the export of 1,010 tons worth 5 million dollars. These figures represented a 25% increase in volume and a 77% increase in value over the same month of 2019. The lower production in the northern hemisphere due to weather problems allowed producers to achieve attractive prices of $ 5.15 per kilogram in June. Volume (in Kg) of blueberry from PerĂº in the US market Source: USDA Market News via Agronometrics . (Agronometrics users can view this chart with live updates here ) The good reception of Peruvian blueberries and the increase in prices encouraged exports during July, a month in which the country shipped 4,808 tons (+ 108%) for 26 million dollars (+ 102%). In this month, the increase in the Peruvian supply generated a slight 3% fall in the typical prices of the month,