Incoming volumes this season culminated at 37.1 K tons, a 24% decline compared to the highest volume of 48.6 K tons recorded in the 2021/22 season.
The main reason for a further decrease in the national crop estimate is ascribed to lower yields packed in the Hex River Region to date, as well as lower yields expected for remaining cultivars in the region.
The table grape market in North America morphed from being relatively stable with robust pricing on moderate movement, to a downward trending market that is of late receiving substantially more fruit than is currently being absorbed into retail distribution.
The value of Peru’s table grape exports has increased steadily since 2012-13, when the total value was $380 billion. In 2021-22 the sector hit $1.37 billion.
Most of Mexico's production is destined to the U.S., with around 196,000 tons projected for overall exports in 2023.
Adverse weather, input costs surges and labor issues look set to cause a 3% drop in production.
U.S. imports of fresh cherries could reach the highest volume in a decade during the fourth quarter of 2022, according to a recent report.
As of Oct. 31 there were 11.3 million boxes in inventory. This is up 8% from the 10.5 million boxes recorded at the same time last year.
Inflation has Peruvian producers and exporters on alert over concerns that consumers may opt to purchase less expensive fruit.
Recent USDA reports project that total production for Australian table grapes is to rise to an estimated 210,000 metric tons (MT) for the 2022-23 season.
