The 2008 Latin American blueberry export crop is anticipated to surpass last year’s 41,459-tonne total provided there are no frosts this month in the major producing regions of Chile and Argentina, according to a recent news report.
However, the forecast growth in exports could have a negative impact on prices on the US and European markets, which continue to absorb increasing volumes of the fruit during the Northern Hemisphere’s counter season.
During the last five years, Latin American blueberry exports have risen by an estimated 35 per cent annually; rising from 12,173 tonnes in 2003/04 to 41,459 tonnes in 2007/08.
While consumption continues to expand in the US and Europe, a further growth in volumes this season has left many in the industry concerned about potential returns and overall profitability.
Currently, prices for blueberries in the US are reportedly 20-25 per cent lower than last year – a situation which has affected local growers in Michigan, Oregon and Washington State.
Latin American suppliers are anticipating the 2008 season to start with similar prices to those achieved in 2006 (around US$22/kg), unlike last year when prices rose to almost US$25/kg brought on by a shortage of volumes following a delay to harvesting due to the frosts.
Argentina is set to kick-off the Latin American blueberry marketing season in late August-early September, followed by Chile and Uruguay in October.
No comments yet