According to a 2019 report from the European Union titled Opportunities for South African emerging farmers in the European sustainable market, even with a 4% global market footprint, South Africa is still punching far below the growing avocado demand, which has seen a steep increase in international market prices.
Across the country the navel harvest has had a slow start and the industry is seeing bigger fruit (up to 60% of count 64 and larger) and a smaller crop. A poor start to the navel season could have a ripple effect on Valencias.
For the week the price of US Gulf yellow maize increased by only 0.05%. The reason for this increase in price being so slight is that the US corn market traded a bit lower on some days during the week.
The first major volumes of South African citrus are due to arrive on the US East Coast in the first week of July.
In economics, natural experiments are hard to come by, but once in a while, you hit a jackpot without even paying a lottery ticket.
There is a growing demand for grapes in Asia, the Middle East and Russia. As a result, volumes on the European market are limited this year. This is even causing some shortages on the market.
