The average price of EU apples increased by 71% in the last six months (Jul-Dec 19), compared to the previous six-month average (Jan-Jun 19) as a result of the contraction in Poland’s apple production due to unfavourable weather conditions in the country.
Meanwhile, the average price of Chinese apples rose 10% in the past six months (Jul-Dec 19) compared to the previous six-month average (Jan-Jun19) increased by 36%, compared to the same period in 2018. China’s 2018/19 apple crop was hit by severe frosts, which cut back the production by 35% y-o-y, resulting in higher-than-usual prices.
In the US, the six-month average price of apples dropped by 3%, compared to the previous six-month average, due to an increase in the apple production forecast in the US driven by favourable summer weather in the country.
From economical to political, all the factors impacting the apple market have been analysed to provide a market outlook for the next six months. Mintec’s market outlooks (schedule) provide insights on factors shaping the market dynamics of various commodities, providing the opportunity for market participants to stay ahead of factors that will impact procurement decisions.