Mar 3, 2015 - absent from the market and significant volumes from Peru will be available only after Easter; hass from. B
Avocado Market Trends and Prices February 2015
Market trends – February 2015 The avocado market in Europe is low supplied but, at the present levels of demand, the average volumes of one million boxes per week are enough to keep the market balanced. Arrivals from Israel have been small due to the storms and snow in January when harvesting has been interrupted and vessels have been regularly delayed because of the weather or because couldn’t be filled-in; exports from Israel are nevertheless reaching average levels in comparison to last year, even though with some quality problems and huge losses. Volumes from Spain continue progressing despite the problems occurred (rains) which limited exports that nevertheless stand just -4% below last year average. Arrivals of hass from Chile are decreasing and the number of containers to be exported from this product origin has been revised downwards as a combination of small production volumes and favourable prices in the local market. The Mediterranean sources and Chile are therefore supplying the large majority of the market. Products from other countries completed the offer: the first arrivals from Peru showed large price range and importers complained about the dry matter content and oil level, considered not adequate to ripen the product; Kenya is on the market with limited volumes and obtain prices in line with all other non-Mediterranean sources; deliveries from Colombia and Mexico remained limited. In this context, sales of hass avocado have been quite satisfactory even if not favoured by the high prices, the school holidays and the sluggish trend of the market for fresh fruits and vegetables in general; prices have been stable and very firm especially for mid-sizes, with small oscillations during the whole month. The supply of green varieties is limited due to decreasing volumes from Israel and Spain (bad weather effects for pinkerton and near end of season for reed): sales have proven active and prices continued to increase (pinkerton +39% above the average); the first arrivals of fuerte from Brazil obtained quotations above the average.
Prices - Week 9, February 2015 (Euro/4 kg ctn)
F
NL UK D
Colombia Hass 12-14’ --16-18-20’ 9,50-10,50 22-24’ 8,00-9,00 12-14’ 12,00 16-18’ --undetermine --d 12-14’ --18-20’ ---
Israel Hass 8,50-9,00 10,00-11,00 7,00-9,00 11,00-12,00 --10,23
Israel green --6,60-8,50 --6,75-9,00 --9,54
Mexico Hass 8,50-9,50 11,00-11,50 8,00-9,00 -------
Spain Hass 9,50-10,50 11,00-11,50 9,50-10,50 ----9,54
Spain Green --7,00-7,50 ------8,86
--12,00-13,00
8,00 ---
-----
--12,00-13,00
-----
Comments F
NL
UK
D
Little information in week 6 due to the Fruit Logistica Fair in Berlin. Sizes 22-24’ of Kenyan avocado obtained better quotations in comparison to other nonMediterranean sources in week 7. Prices for avocado from Colombia have been available only in week 9.
Israel and Spain are largely prevailing product origins in this market. Large price range for pinkerton and fino; the first fuerte from Brazil sold at Euro 9,50 while reed from Spain (in 7 kg ctn) at Euro 11,25.
Peruvian hass started selling at very high prices; some batches from Dominican Republic (10’ 12,58). Green varieties obtained considerably higher prices in comparison to other markets.
Small volumes of Peruvian hass sold at 8,00-10,00 Euro/ctn while the fruits from Morocco and Chile obtained 12,00-13,00 Euro/ctn as in the previous weeks. Low demand for green varieties (hass is strongly preferred in this market).
variety France Israel
hass
Kenya
hass
Mexico
hass
Morocco Spain
hass hass
Israel
pin fue ett fue reed
Spain
Netherlands Colombia Israel Morocco Spain Brazil Israel
hass hass hass hass fue pin fue arad, fino
United Kingdom Chile Israel Peru Spain Israel Spain
hass hass hass hass pin green
Prices- February 2015 - Euro/4 kg ctn sizes week 6 week 7
week 8
week 9
12-14’ 16-18-20’ 22-24’ 12-14’ 16-18-20’ 22-24’ 12-14’ 16-18-20’ 22-24’ 14’ 12-14’ 16-18-20’ 22-24’ 14-16-18’ 16’ 12’ 16’ 14-16-18’
10,00 ----------------10,00 --12,00-13,00 ----6,50 5,50 6,50 ---
10,00-11,00 11,00-11,50 9,00-10,00 8,50-9,50 9,50-11,00 8,00-10,00 8,50-9,50 9,50-11,00 7,50-10,00 10,00-11,00 10,00-11,00 10,00-12,00 10,00-11,00 7,00-8,00 7,00 6,50 7,50 7,00-7,50
10,00-11,00 10,50-11,00 9,00-10,00 8,50-9,50 9,50-10,00 8,00-10,00 9,50-10,00 9,50-10,50 8,00-10,00 9,50-10,00 9,50-10,50 10,00-11,50 9,50-10,50 7,50-8,50 7,00 6,50 7,50 7,00-7,50
8,50-9,00 10,00-11,00 7,00-9,00 ------8,50-9,50 9,50-11,00 8,00-9,00 10,00 9,50-10,50 11,00-11,50 9,50-10,50 7,00-8,50 6,60 6,60 7,00 7,00-7,50
14’ 14’ 14’ 14’ 16-18’ 12-14’ 12-14’ 12-14’ 12-14’
11,75 11,00-12,20 11,75 11,75 11,50-12,25 --7,00-9,00 7,50-8,50 7,50-8,50
11,75 11,00-11,75 ----11,50-12,25 --8,00-8,75 8,00-8,50
11,75-12,00 11,00-12,00 --------10,00 8,00 7,50-8,50
12,00 11,00-12,00 ------9,50 8,50-9,25 8,00-9,00 6,75-9,00
undetermined undetermined undetermined undetermined undetermined undetermined
15,89 9,93 --10,93 9,93 7,95
16,15 10,10 ----9,76 9,76
--9,45-10,13 16,21 --9,45 9,45
--10,23 15,00 9,54 9,54 8,86
18’ (20’) 18’ (20’) 18’ (20’) 12-14’ 12-14’ 12-14’ 12-14’ 12-14’
11,00-12,00 11,00-12,00 11,00-12,00 ------7,00-7,50 7,00-7,50 ---
12,00-13,00 12,00-13,00 12,00-13,00 ------7,00 7,00 ---
12,00-13,00 12,00-13,00 12,00-13,00 --7,00-8,00 --7,00-8,00 7,00-8,00 7,50-8,50
12,00-13,00 12,00-13,00 12,00-13,00 9,50 ----8,00 8,00 ---
---
Ge Chile Israel Spain Brazil Israel
Spain
hass hass hass fue pin ett fue arad, fino green
Market perspectives The market situation should remain unchanged until mid-March when the operations for the traditional Easter programs will start. Arrivals of hass from Israel have reached their peak and will continue to decrease slightly; Spain will be the origin with the most significant volumes, which will nevertheless be decreasing also because exports from this product origin might temporarily be suspended in order to have enough volumes for Easter. The supply from Chile will decrease until week 11 to subsequently be almost absent from the market and significant volumes from Peru will be available only after Easter; hass from Brazil is expected at the end of March. With the season from Morocco almost over, Colombia, Kenya and Mexico will remain complementary sources for now. The market might get tenser in the second half of the month because moderate volumes will face higher demand and the already high prices might further firmup (with which consequences for the Easter operations?). If total volumes will be too small, the traditional promotional activities might not take place. The green segment will observe a strong decrease in arrivals: the last volumes of pinkerton (small due to the adverse weather) start to decrease in 2-3 weeks and will continue to obtain high prices while reed from Spain will be on the market for two more weeks. The late varieties (arad, ardit) will remain available and their prices might considerably increase.
Average market prices - Hass avocado 16.00 14.00 Euro/4 kg ctn
12.00 10.00
Chile
8.00
Israel
6.00
Mexico
4.00
Spain
2.00 0.00 w2
w3
w4
w5
w6
w7
w8
w9
Average market prices - Green varieties 9.00 8.00
Euro/ 4 kg ctn
7.00 6.00 5.00
Israel
4.00
Spain
3.00 2.00 1.00 0.00 w2
w3
w4
w5
w6
w7
w8
w9
Notes This report has been prepared as a service to exporters and industries in developing countries by the International Trade Centre (ITC) with the objective to provide indications on market prices and market trends to support producers, exporters, sector associations and other private or public organizations in their decisions and policies. Quotations are price indications that give a global view of the market; prices are average FOT wholesale market prices; if not otherwise stated prices are per 4 kg carton, products imported by sea/truck; all prices are in Euro. Exchange rates of 3/3/2015
United Kingdom USD Euro
1 EURO
1 USD
0,728 1,119 1,000
0,651 1,000 0,894
General abbreviations ctn = carton
rte = ready to eat
prep = prepacked
ex-quai = ex port of delivery
org = organic
air = product imported by air
fot = free on truck sea
sdls = seedless
sea = product imported by
gr = green
tru = truck-lorry
Product abbreviations ard = ardith
fue= fuerte
pink= pinkerton
bac = bacon
hass= hass
reed= reed
edr= edranol
lula = lula
ryan= ryan
ett= ettinger
nab= nabal
trop =tropical
fino= fino
wur= wurt
zut= zutano
mini= stoneless avocado / avocat cornichon / mini aguacate / cocktail
The mention of specific product industries or certain commercial products and brand names does not imply that they are endorsed or recommended by ITC in preference to others of similar nature. We welcome new sources of information and news that subscribers and readers might have on products and markets covered by the report as well as inquiries and information requests. For these purposes or for other information about the report please contact
[email protected].
