Carlos Ocaña
Analysis of the avocado market in Europe, Week 19
Spain
The European avocado market experienced significant changes in week 19, driven by a combination of factors that affected prices and market dynamics. The arrival of 700 to 800 containers from Peru, along with shipments from South Africa, Kenya, Tanzania, and other origins, increased supply.
Although prices were expected to fall due to increased supply, maritime delays have been the key factor changing the market, with some shipping lines adding days to their usual transit times between Peru and Rotterdam or Algeciras. These delays have caused irregularities in container arrivals, resulting in weeks with high volumes of arrivals and others with shortages. For example, in week 17, up to 1,000 containers arrived from Peru.
Furthermore, a significant delay at the port of Rotterdam has led to a backlog of fruit, further distorting the market situation. Unscheduled arrivals and increasing stockpiles have contributed to the sharp drop in prices.
In this context, avocado prices have suffered a significant drop, especially in medium sizes, which have settled at around 2 euros per kilogram due to the huge supply at the moment.
Despite the challenges, there are positive signs this season. Smooth sales and increased consumption are becoming more and more evident, and the arrival of high-quality avocados is highlighting the excellent work done by many exporters in the Peruvian agribusiness sector. The quality of the products reflects the dedication and effort of the producers and exporters, who are improving season after season.
Carlos Ocaña Spain