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Polish apples continue their upward price trend

September 17, 2020

1 mins read

The Mintec price of Polish apples increased by 5% to EUR 0.136/kg between 2nd and 26th August, in line with firm retail demand and lower supplies in the European market.

Retail apple demand has remained strong, since the peak of the coronavirus pandemic, amid tighter European supply fundamentals. European stock levels for July were 39% lower year-on-year (y-o-y) at 340,000 tonnes and are at their lowest level since 2018.

Furthermore, The World Apple and Pear Association (WAPA) estimated that Polish apple stocks in July were at 11,000 tonnes, 89% lower y-o-y, the lowest figure since 2012. Tightening supplies across Europe, coupled with firm retail demand and increasing apple sales from the foodservice segment, due to the reopening of schools and work canteens, have been key bullish price drivers in the Polish apple market.

Nevertheless, prices are expected to ease going into next year, with favourable growing and harvesting conditions for the 2020 season. Polish apple production for the 2020 season is expected to rise by 17% y-o-y to 3.4 million tonnes, which is likely to alleviate some of the bullish sentiment across majority of the European apple markets. In addition, harvesting activities are expected to continue as per normal, with workers still being able to enter Poland’s largest growing regions from Ukraine, despite rising cases of COVID-19.

Ramnikh Kular

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