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Update: Pear Market - June 2021

July 26, 2021

1 mins read

The average price of Argentinian pears increased by 15% to ARS 66,848/MT in the last six months (Jan ‘21-June ‘21), compared with the previous six-month average (July ‘20-Dec ‘20), due to rising input costs. Lack of available capital for orchard investment continues to hold back the sector, restricting its growth and having a bullish effect on prices.

Meanwhile, the average price of Chinese pears rose by 7% to USD 6,433/MT in the last six months (Jan ‘21-June ‘21), compared with the previous six-month average (July ‘20-Dec ‘20). Spring frosts hit the pear crop (2020/21) during fruit development, reducing the season’s output and exerting upward pressure on prices.

On the contrary, the average price of EU pears declined by 17% to EUR 1,520/MT in the last six months (Jan ‘21-June ‘21), compared with the previous six-month average (July ‘20-Dec ‘20). The expectation of higher pear production in the 2020/21 season and increased stock levels have had a downward effect on prices.

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. Please visit our Mintec Analytics platform to find out more.

Rutika Ghodekar
Rutika Ghodekar

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