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EU Stone Fruit Production & World Market Share Declines

In market year (MY) 2020/21, EU production of peaches and nectarines may decline 15 percent to 3.4 million metric tons (MT). The drop is due to unfavorable weather conditions and a continuous decrease in total European Union (EU) planted area in response to low profits. Similarly, EU cherry production is projected to lower almost five percent compared to last season to 702,700 MT. During this marketing year, the expected drop in EU stone fruit production may rebalance the market and improve EU stone fruits prices. EU stone fruit exports continue to decline because of the 2014 Russian embargo imposed on EU food products. In MY 2020/21, in response to EU domestic supplies, EU imports of stone fruits may increase. The United States is the fifth largest non-EU supplier of cherries, but imports are trending down. The EU stone fruit sector was not negatively impacted by the COVID-19 pandemic and harvest season developed normally. Read the full report from the USDA Foreign Agricultural Service HERE.

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