Apple juice prices fell 9% m-o-m in October, despite a condensed apple crop in Poland. Large apple juice stocks have been the key reason behind the dwindling prices.
Apple production for the season of 2019/20 is anticipated to reach 2.7m tonnes, revised down from the previous estimate of 3.5m tonnes for the same period. When the apple harvest is weak, the processors try to hold larger stocks at this point of the year, in the hope to fetch higher returns as supplies tightened and demand increases during the new year. Though medium acid supplies are expected to be stable, high acid supplies are predicted to decline towards the end of the year and early next year. Meanwhile, Turkey is supplying low acid apple juice to the market; however, the EU consumers are more inclined towards high acid apple juice.
How the prices are expected to move in the next three months (December 19 to February 20) and the drivers behind these price movements will be showcased in Mintec’s “Apple Juice Market Outlook” to be released on 1st December 2019. Please visit our Mintec Analytics platform to find out more.