☛ Want the latest procurement and supply chain news delivered straight to your inbox? Sign up for the Supply Management Daily
8 March 2014 | Gurjit Degun
The price of Brazilian watermelon saw a sharp rise in the middle of last month, up 40 per cent year-on-year due to a drop in supply.
Mintec said that the strong change in price was due to severe frosts during November, usually the start of the harvest, in Rio Grande do Sul, the main growing region. This caused delays and reduced production.
Brazil is the fourth largest producer of watermelons globally, producing more than two million tonnes year-on-year.
“The harvest period is now switching to Costa Rica, however this reduction in supply from Brazil has caused concerns regarding a gap in the market,” said Mintec. “As production from Costa Rica comes into season, prices are expected to descend going forward.”