MARKET REPORT

WEEK 34

It has become apparent in the last seven days that the industry is harvesting and packing significant volumes of 36 and 42 size fruit – the bulk of which is now currently in local market stocks or destined for them over the next few weeks.

Discussion at the NZ Avocado domestic market meeting on Monday backed this up and the general consensus was the inward volumes of smaller sized fruit are driving down values and current price levels are simply not sustainable.

During last week we recommended to those growers intending to harvest that they should target fruit at a minimum 200gm level or larger. Our intention is to continue with this strategy until we see a more balanced size profile emerge.

As can be seen from the below pricing, medium to larger size fruit are attracting solid returns.

Size 20

$23.00 – $24.00

Size 24

$23.00 – $24.00

Size 30

$18.00 – $20.00

 

Pricing is for the current sales period. Prices may not always accurately reflect your returns as stock may be held over pending sale or as the market dictates. Where no price is recorded, sales have not been made in the report period. Prices are subject to change based on daily market conditions. Packing/packaging should be deducted from these prices.