The average wholesale price for peach and nectarine in Uzbekistan has decreased by 36% over the past two weeks and current prices are 30% below last year’s levels. Low prices and high yields are boosting exports, EastFruit analysts say.
According to EastFruit price monitoring, from July 29 to August 12, 2022, the average wholesale price for peach/nectarine in Uzbekistan decreased from 11 000 to 7 000 UZS/kg (from $1.01 to $0.64), i.e. by 36% in two weeks. Meanwhile, the current average wholesale price is 30% lower than last year’s level. For comparison, the average wholesale price for peaches and nectarines as of August 12, 2021 was 10 000 UZS/kg ($0.94).
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A relatively high harvest and low prices for peaches/nectarines this season compared to last year led to a sharp increase in their exports from Uzbekistan in 2022. Exports of the first batches began in the third decade of May. According to preliminary official statistics, Uzbek exports of peaches and nectarines in physical terms from May 21 to August 10, 2022, amounted to 61 400 tonnes, which is 40% more than in the same period in 2021 and only 5% less than the record export of the same period in 2020.
It is likely that given the dynamics of the last two weeks, the relatively low prices for peaches and nectarines in Uzbekistan will contribute to a further increase in the volume of their exports soon.
We remind you that peaches and nectarines are an important source of Uzbekistan’s export earnings in the fruit segment, and they are comparable in importance to cherries. Both positions are second only to fresh table grapes.
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