The prices of apple juice are typically high, as the market awaits information on the new crop

by

The price for medium-acidity apples juice concentrate has increased by 22.5 percent y-o-y, with EUR1850 per MT. That’s 39.0 percent above the 5-year average of April. This increase is due to the low production of apples as per market reports that are not more than 3.5 million tonnes of apples in Poland. Poland is a significant producer of apple juice for European markets. Polish concentrate of apple juice for 2023/24 MY has been estimated to be around 250,000 tonnes according to market participants.

The demand remains steady from this month’s Mintec Benchmark price for apple juice with medium acidity remains the same m-o-m. Market sources are awaiting information on the forthcoming harvest of apples in Poland. Given the historically pricey prices, many consumers in the market have to buy for short-term purchases. Market players are hoping the prices will fall after the arrival of a new harvest, but an individual juice buyer has stated to Mintec “Although it’s still not yet time to know that, there’s nothing to suggest that prices should decrease”.

A warm winter in Poland in March has pushed the fruit trees to bloom more quickly than normal, and was and then there was an unusually cold period towards the final days of April. Market participants are trying to determine the amount of the frost-related damage that this could affect the harvest of 2024. Farmers set the fires in their orchards attempt to lessen the frost damage to their trees. A more precise understanding of the extent of damage will emerge in three to four weeks.

Apple juice with high acidity is rare across Europe and there is only a small amount of trading activities reported by Mintec during April.

Source: mintecglobal.com

Related Agroforestry News Posts:

  1. Prices for Apple in Ukraine increased – what’s the future price prediction for the longer-term? EastFruit analysts want to bring attention to the dramatic increase in price for the freshest apples in Ukraine in the past week. The prices for Gala as well as Golden Delicious apples jumped by 50 percent in a single week!...
  2. The first apple and pear crop forecasts made public Prognosfruit 2023 being held at Trentino, Italy, gathering more than 300 people from the pear and apple sector of Europe and further. In the initial sessions of the conference, Pear and apple crop projections for the coming season were announced....
  3. Fantastic year for the Washington State Apple crop A lot of growers from the Northwest are thrilled by their apples this year. The business must be prepared to locate homes for the around 140 million 40-pound boxes of apple from Washington. A majority of apples are gone from...
  4. Locally, the effects of frosts can be devastating within Polish apple orchards. However, the most are unaffected The Polish apple harvest has been a bit of a mess, with many challenges, however generally, it was pretty great, Adam Malengiewicz, sales manager at Polish exporter Ewa-Bis tells us: “I think that the season, that is about to come...
  5. “Turkey as well as Poland have cut off sending apple parcels earlier than they normally do” The prices of apples sold in India are down in a significant amount, because they’re of decent quality, claims Prashant Gidwani who is director of Fresh Fruit Alliances Pvt. Ltd “The present market for apples in India appears to be...

Source: The Plantations International Agroforestry Group of Companies