The average price of Chilean grape has risen by 147% in the recent six months (Aug-Jan) compared to the previous six-month average (Feb-July) due to the seasonal effect seen every year. The average six-monthly price has also risen by 13% y-o-y after the Chilean crop was severely affected by drought, which has limited production.
The average price of US grapes increased by 7% in the recent six months (Aug-Jan) compared to the previous six-month average (Feb-July) and compared to the same period in the previous year. The price increase was driven by greater demand on the domestic market and a downward revision to the initial production estimate.
From economical to political, all the factors impacting the grape 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.