Vietnam reports very strong sales and month to date exports are 40% higher than August 2020 and 25% YTD v last year. Despite the big increases taken on shipping freight rates to their two biggest destination markets, both the USA and Europe are continuing to buy strongly.
Demand for apricots last season was strong despite Covid, so they fully expect to see no reduction in export sales into 2022.
Supply from this crop looks to be similar in size, but their tiny carry in could mean they have less for the season ahead than they had combined this time last year.
Reports from China (and its supplemental sources from Russia, Siberia, Mongolia and Korea, etc) still suggest a good new crop coming, with some of the more speculative and braver exporters willing to put a price on to late 2021 shipments for early 2022 deliveries at a discount to prevailing current crop prices.
Mark Setterfield – August 2021