Export spike for early season U.S. cherries
Foreign Agricultural Service (FAS) statistics show South Korea was by far the largest buyer of the fruit with a 41% share, followed by Canada (25%), Japan (14%), China (6%), Taiwan (4%), Australia (2%) and Hong Kong (2%).
While the volume represents a significant hike on the 2014 figure for these two months, it is still fairly similar to the amount shipped for the period in 2013.
In terms of growth, Canada purchased 154% more U.S. cherries while South Korea and Japan raised their imports by 40% and 37% respectively.
Fortunately for U.S. exporters, freight on board prices were above 2014 levels despite the strengthening of the U.S. dollar, although they were below the prices achieved in 2013.