ECUADOR
- The outlook for production does not look good for the next couple of months either and local industry sources say they do not expect a recovery until the final quarter of the year at the earliest. Production in 2024 is expected to be significantly lower than in 2023, which itself was a poor production year.
- Fruit pricing is now around USD 600/MT, compared with USD 500/MT in April. Raw material prices could reach USD 700/MT in May, say processors.
- Offers for concentrate have now climbed to USD 11,800/MT 50 brix FCA Europe, from USD 10,000 / MT last month.
- Asking prices for NFC supplies are at USD 3500/MT single strength FCA Europe, compared with USD 3,000 / MT in April.
PERU
- April has been a very low production month, as it was in March, but the outlook is promising with the advent of a new peak production period which will begin in mid-May or early June.
- Offers for concentrate from Peru are hard to pin down, but are somewhere between USD 7,100-9,000/MT, against USD 6,300-7,500/MT last month. Asking prices for NFC supplies from Peru are between USD 2,600- 3,150/MT single strength FCA Europe, compared with USD 2,450- 2,500/MT in April.
