Increase in chilean Cherry exports raises concerns about price drop in China

Increase in chilean Cherry exports raises concerns about price drop in China

The Asian giant accounts for over 90% of the exports. An alarming drop in the price of Chilean cherries is currently being recorded in China, the country that receives almost all exports.

This situation is attributed to a 59% increase in fruit production, resulting in nearly 658,000 tons being exported, which has led to market saturation in China and a subsequent fall in prices. Antonio Walker, president of the National Agricultural Society (SNA), described this year as โ€œa turning pointโ€ for the sector.

โ€œMore than 90% of exported cherries are destined for China. This year we will export 115 million boxes, a significantly higher volume than last year. It is essential to reflect on how to face the future of this industry,โ€ he stated. In light of these events, Walker urged producers to unite to maintain product excellence and diversify markets, highlighting the potential of Europe, the United States, Latin America, India, and Southeast Asia, among others.

For its part, ProChile also took action regarding the matter. Its director general, Ignacio Fernรกndez, reported that trade attachรฉs in China are closely monitoring the situation in Beijing, Shanghai, Guangzhou, and Chengdu.

Similarly, the organization announced a key meeting with the main industry associationsโ€”SNA, Fedefruta, and Frutas de Chileโ€”to coordinate immediate and medium-term actions. Despite the challenging scenario, a slight rebound in prices was reported on Monday ahead of the Chinese New Year, a celebration during which there is high consumption of cherries, as this food is associated with prosperity in their culture.

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