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)

Popular posts from this blog

Agronometrics in Charts: Demand for berries skyrockets in 2021

This time for the ‘In Charts’ series we will give an update as to how the average prices of berries have been behaving. Specifically, we will look at the prices of blueberries, raspberries, strawberries, and blackberries in the United States market and compare them with previous seasons. An increase in demand, brought on by the tendency to consume “superfoods” such as berries during the Covid-19 pandemic, seem to have pushed prices up despite the fact that volumes imported by the United States have been similar or higher than those of previous years. Let's look at each particular case: Blueberries Blueberry prices experienced a significant increase from week 3 of 2021, showing the highest prices of the last 5 seasons for the same date. If we observe the following chart, we can see that, for week 7 of 2021, the average price of conventional blueberries was $7.60 per kilo. This is 24 percent higher than in 2020 when the average price was $6.14 per kilo. Volumes for blueberr

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 Perú 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,

Tight raspberry volumes make for more “normal” pricing

Overview of the raspberry supply by Ben Escoe of Twin River Berries, complemented by charts from Agronometrics. Original published in FreshPlaza.com   on May 12, 2021  “They’re starting to pick up, but it’s been tight--really tight,” says Ben Escoe of Twin River Berries in Portland, OR, noting this largely has to do with the weather conditions in Mexico. “It’s been cold and windy there which has caused damage in the fields and contributed to the low supply. Year over year, the volume is comparable or even better. But demand is high and forecast to actual supply has been lower.” Mexico grows raspberries for most of the year, stopping only for the rainy season which begins at the end of June or early July. Meanwhile California’s volume won’t really begin until the middle to the end of May. Volumes (in Kg) of raspberries from Mexico in the US Market​ Source: USDA Market News via Agronometrics . (Agronometrics users can view this chart with live updates here ) Higher berry deman