Skip to main content

Agronometrics in Charts: Will Chilean cherries take advantage of high U.S. market pricing?

Between weeks 27 and 32 of the 2020-21 season, cherries registered higher average prices than those of the last four seasons in the U.S. market, as well as very similar volumes to the past year’s.

The great unknown is whether this price level will be maintained now that a new season has begun in the southern hemisphere with a forecast of historic harvests and exports from Chile.

As we can see in the graph below, in week 32, the last average prices registered in the North American market were of US$6.17 per kilo, a 31 percent rise from the 2019-20 season where average prices were US$4.71 per kilo.

Price of cherries in the U.S. market (USD/KG)
Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

In the latest Chilean seasons, prices from the southern hemisphere began to be registered in week 47. In that week the average prices of the 2019/2020 season began at US$10.5 per kilo, 12 percent higher than the previous year when they were listed as US$9.34 per kilo.

Historical prices of Chilean cherries in the U.S. market (USD/KG)
Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

In relation to the volumes of Chilean cherries on the United State market, the peak in the last two seasons was obtained in week 51. In the 2019/2020 season, the North American market received a total of 5,538,276 kilos, a 21 percent drop in comparison to the 2018-19 season when the volume of cherries was 7,030,800 kilos which could have pushed prices down.

Volume is Chilean cherries in the U.S. market
Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

We will have to wait to see what will happen in this new season for Chilean cherries in the U.S. market, and wait for the first volumes of cherries from Chile to begin to see what impact they have on the last prices at the close of week 32.

Written by: Cristian Crespo F.
Original published in on November 17, 2020 (Link)


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  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

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   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,