Problems at South Africa’s ports are causing a citrus glut, sending prices lower
Thanks to challenges at the ports, and high volumes of fruit, South Africa has a surplus of citrus.Orange prices dropped to under R2 per kilogram.South Africa is currently experiencing an oversupply of citrus resulting from a high volume of fruit harvested and logistical problems at the country's ports, presenting challenges for exporters.
"The orange price… is severely under pressure, mostly due to an oversupply on the local markets at the moment," Johnny van der Merwe, managing director of agricultural information group Agrimark Trends , said in his weekly video tracking trends in the fresh produce market. The latest orange price decreased to R1.72 per kilogram, while the class 1 orange price dropped to R1.17 per kilogram. Lemon prices fell to R3.37 per kilogram.
"We might see slightly lower volumes entering the market over the next three months; however, we may only see a significant improvement in the price towards the end of the year," he said
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