Prices remain good in Europe, where Peru leads, South Africa declines, and Colombian fruit grows.
The Avobook W 27 Report shows the numbers from the last week of the Jalisco and Michoacán harvest campaign in the United States, which gives way to “the crazy flower”
The Avobook W 27 report shows that the North American market is recovering: the volume of avocados rose above 60 million pounds, after overcoming the suspension of shipments from Mexico, which had left last week at 42 million, which was very unusual for this time of year.
Mexican avocados regained the top spot in market share (40%), with California remaining close behind (35%) and significant contributions from Peru (17%), which increased its shipments from 9 million to 10.5 million pounds, though the weekly jump was less substantial than in previous reports. Colombia holds 7% of the market.
The Michoacán and Jalisco harvest season has now completed 52 weeks, and the final figures show a slight decrease compared to projections. Field prices indicate that the previous harvest (which still has some fruit) was traded at $2.76 per kilo, while the new harvest of "flor loca" (a type of wild flower) was priced at $2.37 per kilo.
Europe prepares for Peru's early departure
Peru continues to dominate the European avocado market, holding three-quarters of the share with 586 containers of fruit. This week, Kenya ranks second with 10%, followed by Colombia (8%) and South Africa (6%).
The latter country shows a significant decline, as its shipments are equivalent to half of those recorded the previous week, part of whose decline was addressed by Colombia, which is increasing its volumes.
Prices are rising across almost all sizes. In the case of transactions in the Netherlands, the biggest jump was in the smaller sizes, with size 24 being a good example, rising from €2.19 to €3.10 per kilo.
In Spain, prices were already performing well, so their stability this week is welcome news. Furthermore, it is expected that this condition will become a trend and that these good prices will continue for at least two months, and possibly until October, given the reduction in Peruvian fruit volumes compared to last year's arrivals.
The focus should be on this market, as what happens in the coming weeks with the early end of the Peruvian season in Europe will be key, due to its lower production, which had already been warned about by the specialists consulted by Avobook.
Asia: Peru matches its weekly shipments to China
In the Asian market, China is currently tied in Peruvian avocado imports, with 34 containers received between weeks 26 and 27. However, the trend is downward, with projections indicating a further decline week by week.
This shortage has proportionally increased prices, for both small and large sizes. This trend could continue if the downward trend in fruit volumes shipped to the Asian giant persists.
Chile: local fruit is sold cheaper than Peruvian fruit
In Chile, an interesting phenomenon is that Peruvian fruit is becoming more valuable than local avocados. It's not common, but it's due to a particular circumstance.
While the volume available on the market hasn't changed much compared to last week, the origin has. There's an increasing presence of freshly harvested Chilean avocados, but these have less appealing flavor and creaminess. This has impacted the price, which has dropped from $3.80 to $2.25 per kilo.
In contrast, the Peruvian fruit increased in value, reaching $2.97 per kilo, which had not occurred all year and, to tell the truth, is a very special phenomenon, since it is usually common for Chilean avocados to always have a better price than those of its neighboring country.