Big Mergers at Russia’s Top Supermarket Chains Kick Start Consolidation Race

Two of Russia’s top supermarket chains have announced multi-million dollar deals to buy out competitors this week as they vie to boost their footprints in Russia’s lucrative grocery industry.

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South Africa’s mango crop down by 15%

Last year saw a mango crop of 75,000 tonnes.

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China's canned lychee prices increase by 50% year-on-year

Lychee China Fruit Canning Industry Raw Material Price

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South Africa: Booze-ban sees pineapple prices increase by 74%

“Pineapple prices increased significantly,” said Johnny van der Merwe, the managing director of Agrimark Trends. This increase is credited to the alcohol bans. Pineapple prices increased by 74% at R7.32 per kilogram, week-on-week, volumes sold increased by 27% week-on-week.

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Peru’s fruit sector races to new heights

Peru’s fruit exports have grown quickly during the last decade, rising from just $540 million in 2010 to $3.8 billion in 2020, with Peru ranking in the world’s top 10 fruit exporting countries since 2017. Although Chile remains the dominant Southern Hemisphere exporter, Peru has caught up with other major Southern Hemisphere suppliers Ecuador and South Africa.

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Conditions in major Chinese lychee production areas are great as market officially opens

China is the world's largest lychee producer in terms of overall surface area devoted to lychee plantation as well as production volume. Around 52.6% of the overall surface area devoted to lychee plantation in the world is located in China. The lychees from many different production areas on Hainan Island entered the market at the same time because weather conditions were excellent. The sudden increase in supply created competition in the market.

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Pineapple supplies to drop in the coming weeks

Supplies of pineapple from Costa Rica could drop in the coming weeks.

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Chinese cherry price plummets as large volumes of cherries enter the market

The last week of May is the time of year when open-field cherries enter the Chinese market in large volumes. However, the market conditions were not great for greenhouse cherries and now the market for open-field cherries looks bleak. In Shandong the price of Chinese cherries already dropped below 10 yuan [1.57 USD] per 0.5 kg. The supply volume is huge and sales conditions are not great. That is why the price of poor quality cherries dropped as low as 5 yuan [0.78 USD] per 0.5 kg.

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Over the past five years Several large commercial asparagus producers have emerged in Russia

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