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Half-Yearly Update: Pear Market December 2019

January 17, 2020

1 mins read

The average price of Argentinian pears increased by 31% in the last six months (Jul-Dec 19) compared to the previous six-month average (Jan-Jun 19) due to lower supplies at the end of the season.

Furthermore, the average price of Chinese pear increased by 7% in the last six months (Jul-Dec 19) compared to the previous six-month average (Jan-Jun 19). China’s 2018/19 pear production plummeted due to adverse weather conditions in China. This created a supply gap in the market until the new season (2019/20) started in June.

In the EU, the average price of pears also increased over the last six months, up 10% compared to the previous six-month average (Jan-Jun 19), as a result of lower production estimates in the region, following the impact of unfavourable weather on the 2019/20 harvest.

From economical to political, all the factors impacting the pear 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.

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Rutika Ghodekar
Rutika Ghodekar

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