Recent impact of Russian ban on prices for certain EU produce
There’s been an upward trend for mushroom prices and stable prices for pears, carrots, kiwis, and oranges and lemons in the EU, according to the European Commission.
But the price situation for tomatoes and peppers has been mixed and there’s been a downward trend for apples.
That’s according to a presentation on the impact of the Russian import ban on prices for certain fruits and vegetables which the Agriculture and Rural Development Directorate made at the February 17 meeting of the Committee for the Common Organisation of the Agricultural Markets.
Hightlights of the presentation include:
MARKET UPDATE
Apples
Prices decreased in the two Member States with the lowest prices (-6.8% to 20 EUR/100 kg in PL and -4% to 26.6 EUR/100 kg in DE).
Pears
Prices registered stability (current prices are 8.8% under the historical average).
Citrus
Prices over 3-year average (22.2% higher for oranges and 6.7% for lemons).
Tomatoes
Significant price reduction in IT and moderate in ES (current average for tomatoes is 9,8% above the 3- year average).
MARKET CONTEXT
Exchange rates of Dollar to both Euro and Zloty: extra-EU exports and opening new export markets more attractive, helping to restore market balance.
New export destinations: The US has lifted an old ban on imports of French apples and pears from, following a bilateral agreement on sanitary controls.
Lower supply in Southern EU due to adverse weather conditions and low temperatures: Positive impact on prices.
SUMMARY MARKET SITUATION
Positive trend:
Mushrooms (downward trend reversed last week)
Price stability:
Pears (BE price = 46.5)
Carrots (lowest prices in NL & PL)
Kiwis (prices much higher than 3-year average)
Oranges & lemons
Downward trend:
Apples (20 EUR/100 kg in PL and 26.6 in DE)
Mixed situation:
Tomatoes
Peppers
source:
Evolution of EU prices of certain F&V
European Commission DG Agriculture and Rural Development Directorate C. Single CMO, economics and analysis of agricultural markets