Chilean cherry estimate drops after significant rains

From The Produce News | 29 November 2023

Overview of cherries from Chile in the U.S. market, complemented by charts from Agronometrics. Original published on November 27, 2023.

The Chilean Cherry Committee, which represents more than 85 percent of the volume of global Chilean cherry exports, released its second estimate for 2023-24, which factors in the impact of rains this season. The committee forecasts global exports of 81.48 million boxes (five kilogram each), a decrease of 14.6 percent from their first estimate in October, and slightly lower (1.89 percent) than last season’s total exports.

cherry volumes by histor 8

Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)

“It’s been very challenging for the industry to estimate how volumes have been affected by El Niño,” said Claudia Soler, executive director of the Chilean Cherry Committee. “Volumes vary from week to week, and the impact of adverse weather conditions, like the latest rains, cannot be immediately understood. We will be sending updated volume estimates as the season progresses.”

Soler added that the week of Dec. 18 remains the peak for global exports. “There is strong demand throughout our global markets, so our efforts are focused on shipping the fruit with the quality and condition that the markets expect,” she said. “Despite the drop in volumes, we are confident that it will be a good season.”

The News in Charts is a collection of stories from the industry complemented by charts from Agronometrics to help better tell their story.

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