According to Mundus Agri, the harvest season for blue-green fruits in the southern hemisphere is coming to an end, and Chinese buyers have already bought 90% of South African blue-green fruits to cope with the peak consumption season during the Spring Festival. The forecast shows that the yield of blueberries in North America will be lower than last year due to the impact of high temperatures and drought. The price of Bi Gen fruit may remain stable temporarily, but due to strong demand and the possibility of reduced supply, the price may strengthen.
Experts from Chelmer Foods cited information from Pecannis, a Mexican company, stating that the current harvest of pistachios in the southern hemisphere is coming to an end, with a harvest rate exceeding 90% of the total production, of which South Africa accounts for about 70%, or 30000 tons. China is the main buyer of South African bagels, purchasing 90% of the total production at an average price of $5 per kilogram. The final batch of goods is expected to arrive in China in early October. China is one of the largest consumer countries of Bigen Fruit in the world. The Chinese Spring Festival in 2025 will start on January 29, which coincides with the growing demand for Bigen Fruit during the Spring Festival.
In the southern United States and northern Mexico, harvesting is expected to begin at the end of September or early October, but many local planting areas have reported lower yields per unit area. Due to high temperatures and drought from March to May, it is expected that the yield of blue-green fruits will decrease by 5% -10% compared to the 2023/24 season. But if the forecasted rainfall comes soon, the quality of the Bi Gen fruit should improve again.
The price of Bi Gen fruit may remain stable temporarily as market participants are currently waiting for production statistics and are not in a hurry to purchase. But in the long run, once the US Department of Agriculture confirms the expectation of crop yield reduction and reduced carryover inventory, prices are expected to rise. Due to the limited inventory that processors and exporters will strive to obtain, procurement behavior will increase. Pecannis stated that if demand continues to exceed supply, the market for Begonia may continue to rise during the 2025 harvest season.
In a recent online meeting with the South African Association of Biogenic Producers (SAPPA), Daniel Zedan from the American Biogenic Association stated that the size of American Biogenic fruits this year is similar to last year, and production may slightly increase. Last season, the United States produced 62000 tons of nuts. He expects the price of blueberries to strengthen this season, partly due to the rising prices of almonds and walnuts, which have driven consumers to use blueberries as a substitute, resulting in stronger demand. According to Daniel Zedan, in 2023, the export volume of shelled turquoise from the United States to China increased significantly by 34% compared to the previous year, mainly due to the lower prices of nuts in the United States and the reduced production of turquoise from South Africa, which created favorable export opportunities for turquoise from the United States to China.