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Other exotics - Q2 2020

Published on 20/07/2020 - Published by GERBAUD Pierre
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Quarterly market review

The Covid-19 pandemic had a massive impact on sales figures in Q2 2020, causing unexpected demand for some ethnic products. The lockdown measures probably encouraged consumers to cook at home, and therefore make bigger purchases. What applied to consumption of traditional fruits and vegetables also applied to more specific products such as tubers. The eddoe, cassava, plantain, ginger and chilli pepper in particular benefitted from this atypical period.

Informations

Product(s) : Chayote , Christophine , Chili , Plantain
Rubrique / Thématique : Review and Forecasts
Country : Colombia , Costa rica , Spain , Italy , Morocco , Martinique , Netherlands , Dominican republic
Keywords : Export , Import , Price , Production

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Plantain banana

After a difficult Q1 because of incoming shipments being out of proportion to demand, rates for Colombian plantains started to recover in February, as shipments subsided. The dwindling supply coincided with the lockdown period, during which demand proved higher, leading to a substantial price increase. In view of this unexpected demand, shipments were stepped up, but only reached Europe at the end of the lockdown period, when demand was waning. Stocks reformed, causing a fall in rates, which at the end of the period were lower than in early April.

Chayote and christophine

Costa Rican chayotes made up the bulk of the supply during Q2 2020, with a moderate tempo helping keep rates at around 1.50 euro/kg on average. Prices rose at the end of the period as the supply was scaled back. Costa Rican christophines, enjoying little demand during the period in question, sold at around 1.70 euro/kg. The less regular shipments from Martinique, because of the air-freight capacity limitations during the health crisis, sold on an upward footing at the height of the lockdown, when available. Prices reverted to their usual level from the second half of May, until the end of the period.

Chilli pepper

Rates for the chilli pepper during Q2 2020 were heavily influenced by a combination of three main factors: the stop-start nature of the supply, especially from the Dominican Republic, the main supplier at this time of year, plus the consequences of the health crisis, and finally the start of the harvests in the European and Mediterranean countries. At the end of March, chilli pepper rates took an upturn due to the shortfall of produce on the market. At this period, the Dominican Republic was providing peppers of variable quality, and certain batches were seized on entry into the European Union, due to breaches of residual levels of treatment products, which limited availability. The lockdown measures intensified the upward trend in sale prices due to the logistical complications caused by this unusual situation. The scaled-back supply and good demand for chilli peppers kept prices at a high level until mid-May. The considerable growth in the supply from the second half of May, with shipments from the Netherlands, Spain, Italy and Morocco sent rates on a decline as marked as their climb during the preceding shortfall. Across all the origins, the rate went from in excess of the 10.00-euros/kg mark, to between 5.00 and 7.00 euros/kg at the end of the period.