The 47th week of 2024 witnessed dynamic shifts in the largest regional Telegram-based EastFruit Trade Platform, reflecting broader trends in the regional fruit and vegetable markets. This analysis by EastFruit team delves into the key developments and price movements that shaped the past week.
Sales Leaders and Market Dynamics
Onion emerged as the top-selling product, driven by a sharp increase in listings, predominantly from Ukraine. This surge underscores the pivotal role of onions in the regional market. Additionally, cauliflower and broccoli from Uzbekistan saw notable sales growth, highlighting the increasing demand for these vegetables.
Persimmons were offered more frequently than apples due to low regional production of latter. Mandarins and clementines listings increased, with contributions from five countries. Pomegranate listings also rose, particularly from Turkey. Exporters from Egypt increased prices of pomegranates, which reflects a growing demand for this fruit in Europe.
The number of listings on the EastFruit Trade Platform remained consistent with the previous week. However, the geographic diversity of active participants expanded to 14 countries, with new listings from Azerbaijan, Romania, and Greece. Iran and Turkey significantly increased their listings, while contributions from Ukraine, Uzbekistan, and Egypt saw a decline. This shift altered the top five countries by listing volume to Ukraine, Uzbekistan, Iran, Egypt, and Turkey.
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Price Trends and Product Availability
The fruit segment experienced widespread price increases. Grapes, oranges, lemons, and kiwis saw significant price hikes. In Ukraine, prices for “borsch set” vegetables (potatoes, onions, carrots, cabbage, red beets) stabilized, thanks to imports, while tomatoes and greenhouse cucumbers became more expensive. Notably, Greek potato stocks are projected to deplete two months earlier than usual, impacting future market dynamics.
Onion, cabbage, and beetroot listings increased, while carrot and potato listings decreased. The fruit segment saw persimmons listed more frequently than apples, a reversal from the previous week. Mandarin listings grew, with contributions from five countries, and pomegranate listings, particularly from Turkey, also rose.
Technological Advancements
The technological group on the platform remained active, with high sales of seedlings, packaging materials, fertilizers, and greenhouse equipment. A notable innovation came from Chinese scientists, who demonstrated that removing two genes from tomato genomes could increase glucose and fructose levels in the fruits by 30%.
Conclusion
The EastFruit Trade Platform continues to be a vital hub for regional trade, reflecting the dynamic nature of the fruit and vegetable markets. The trends observed in the 47th week of 2024 highlight the platform’s role in facilitating diverse and evolving market activities.
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