Orange Prices in Europe Experience Fluctuations Amid Market Challenges
The European citrus market is facing significant volatility, with orange prices seeing notable changes due to various factors. According to the latest data, the average price of oranges across the EU stood at €73.18 per 100 kg as of September 2024, reflecting a 9.24% decrease compared to August. The decline in prices is partially attributed to fluctuating demand and supply constraints caused by weather anomalies and market dynamics.
Regional disparities in orange prices
While the EU average price has dropped, regional variations persist. In Greece, prices for oranges have increased by 30.18% compared to September 2023, reaching €71.04 per 100 kg. Conversely, Portugal recorded €82.24 per 100 kg, marking a 21.75% rise. These disparities highlight the diverse conditions and market responses across member states.
Export dynamics and supply constraints
The European Union has also observed a decrease in orange imports, which is impacting availability. From July to September 2024, imports were significantly lower than the same period last year, with countries like South Africa and Egypt supplying fewer oranges due to adverse weather conditions and logistical challenges.
Outlook for the citrus market
Despite these challenges, the citrus market remains resilient, with ongoing efforts to stabilize supply chains and improve market conditions. Analysts anticipate that the combination of favorable weather forecasts and strategic import adjustments will help balance the market in the coming months.
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For more information:
European Commission
Tel: +32 2 299 96 96
www.agriculture.ec.europa.eu