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Uzbekistan: flat peaches twice as cheap as three weeks ago

The first small batches of flat peach varieties of the new crop became available on the markets of Uzbekistan in late May – early June. As with other varieties of peach and nectarine, prices declined sharply since that time, although at a slower pace. However, according to EastFruit specialists, wholesale prices for flat peaches have fallen by 2.2 times over the past three weeks.

The Ferghana Valley is a key region producing peaches and nectarines in Uzbekistan, including flat varieties of peach. According to market participants and producers, the first batches of new crop flat peach became available on the wholesale markets of this region in late May – early June. In early June 2022, the average wholesale price was 40 000 UZS/kg ($3.64). Almost three weeks later, as of June 22, 2022, the average wholesale prices were 18 000 UZS/kg ($1.65). In other words, over the past three weeks, the average wholesale prices for flat peaches have fallen 2.2 times.

Last week, EastFruit wrote about a three-fold reduction in wholesale prices for new crop peaches and nectarines in the first ten days of June 2022. From May 27 to June 10, 2022, the average wholesale prices for peach/nectarine decreased from 60 000 to 20 000 UZS/kg (from $5.43 to $1.81) – 3 times! A sharp decline of 1.8 times in prices for peach/nectarine in Uzbekistan was also observed in the same period last year, but the rate of price decline at the beginning of the mass harvest season this year was much higher than last year.

According to market participants and producers, the fall in prices is due to a high yield of early varieties and optimistic expectations for the harvest of mid-ripening varieties, and as a result, growing volumes of supply in the domestic market.

EastFruit

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