Canary melon prices surge in Brazilian market due to high European demand

Between August 14th and 18th, canary melon costs in the Brazilian domestic market witnessed a notable upswing in the Rio Grande do Norte/Ceará region. The 5 to 8 variety concluded the period with an average selling price of R$ 40.94 per 13 kg box, reflecting an 8% increase.

Industry insiders consulted by Hortifruti/Cepea attribute this price surge to robust demand from the European continent. Consequently, a substantial portion of locally produced fruit, particularly the smaller variants, is being exported abroad. This international demand has subsequently led to a diminished supply in the domestic market. This trend is anticipated to persist over the upcoming weeks until a stabilization in supply is observed across the European market.

See below a chart, drafted with the aid of DataLiner data, showing exports of canary melon (hs code 08071900) to the European Union from Jan 2019 to Jun 2023.

Melon exports to the EU | Jan 2019 – Jul 2023 | TEUs

Source: DataLiner (click here to request a demo)

Source: HF Brasil

To read the original text, please visit: https://www.hfbrasil.org.br/br/melao-cepea-alta-na-exportacao-impulsiona-preco-em-territorio-nacional.aspx

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