At the beginning of June, the drop in volumes of Peruvian avocados was confirmed. "For more than 5 weeks, volumes of avocados from Peru have been down compared to last year. Since the beginning of the year, we have observed a deficit, with volumes from Peru that are down by 15%," explains François Bellivier, development manager at Capexo.
This is in contrast with the start of the Peruvian season, when the supply from the Highlands was greater than last year. "The Highland season benefited from good rainfall compared with last year, but when we switched to the production from along the Peruvian coast, volumes were much lower," a direct consequence of the El Niño phenomenon.
Prices could increase for small calibers
This drop in supply has naturally led to an increase in prices. "For several weeks now, we have been seeing much lower volumes than last year, especially for the smaller sizes. Prices are therefore much higher than at the same time last year, and relatively good for the season." Additionally, "the transportation of avocados from Kenya to Europe remains uncertain to date," which could also lead to very high prices on the avocado market from July to September.
More promising European market compared to USA
However, despite this general drop in supply, the European market remains adequately supplied. "Peru is negative overall compared to 2023, but the volumes exported to Europe remain high, and the European market is better than in the United States, where prices are less attractive to Peruvian exporters. Fortunately for us, this means that we can still have volumes in a situation of supply deficit."
As with many other fruits and vegetables, consumption in France is far from exceptional. This may be due to the poor weather conditions, but it may also be due to consumer prices, which can sometimes be too high.
For more information:
François Bellivier
Capexo
Phone: +33 1 41 73 23 00
Mobile: +33 6 75 03 76 54
[email protected]
www.capexo.fr