Agronometrics in Charts: Clementines fetch higher prices despite larger volumes in the U.S.
In this installment of the 'In Charts' series, Cristian Crespo of Agronometrics illustrates how the U.S. market is evolving. Each week the series looks at a different horticultural commodity, focusing on a specific origin or topic visualizing the market factors that are driving change.
This week we're going to take a look at the volumes and average prices of clementines in the U.S. market.
It appears that the heavy supplies of clementines over the last few weeks have not had a big impact on prices, amid a firm and high demand for this fruit that's likely driven in part by the Covid-19 pandemic. In fact, last week the Chilean Citrus Committee said that its clementines were meeting with "strong market demand".
In week 23, the average price of clementines in the U.S. was $2.45 per kilo, which is 10% higher year-on-year.
Prices of clementines in the U.S. market
(Source: USDA Market News via Agronometrics. Agronometrics users can view this chart with live updates here)
This price increase has come despite a volumes of 8.4m metric tons (MT) - a massive 84% up on last year and the highest in the last five years by the same date.
Chile was by far the main supplier, providing 95% of the volumes.
Historical volumes of clementines in the U.S. market
(Source: USDA Market News via Agronometrics. Agronometrics users can view this chart with live updates here)
In our ‘In Charts’ series, we work to tell some of the stories that are moving the industry. Feel free to take a look at the other articles by clicking here.
You can keep track of the markets daily through Agronometrics, a data visualization tool built to help the industry make sense of the huge amounts of data that professionals need to access to make informed decisions. If you found the information and the charts from this article useful, feel free to visit us at www.agronometrics.com where you can easily access these same graphs, or explore the other 20 fruits we currently track.