Pineapple Pineapple – Thailand

Tropfin (Thailand) Co., Ltd
138/89 J.C. Building Fl 11 - J 11
Nares Road, Siphaya, Bangrak,
Bangkok 10500 - Thailand
Tel:
+66 (0)2 267.6713
Fax:
+66 (0)2 267.6714
E-mail: [email protected]
Pineapple – Thailand
May,, 2014
May
Fruit intake and raw material price
Incoming volume of raw material during May has been
improved from previous months: 200-350 tons and 400-700
tons per day, were processed by small / medium size
factories and big size factories respectively. Raw material
from the North of Thailand has been also available at cheaper
prices, as raw material from there has to be brought from far
and has a lower yield. Raw material price declined under THB
8.0/kg from Middle of May and even went down to under THB
7.0/kg. Factories are expecting a short peak of raw material
supply until max. first week of June.
Pineapple, Thailand, Raw mat price: 2011 - 2014
PJC Bx60 prices
Spot market prices for Pineapple Juice Concentrate (PJC)
Bx60 are moving up to USD 1,500 - 1,600 pmt FOB Thailand
for freshly produced PJC during summer crop.
PJC stocks (from winter crop onwards) are mostly frozen.
Aseptic PJC is more in demand for the markets outside
Europe. Therefore, there is an unusual spread in price for
Aseptic and Frozen pack, with the former being offered at a
100 USD pmt higher level. Even though raw material price
has recently decreased, the production from start of this year
has never been enough to cover normal demand and this
will be the situation until at least November. With supposedly
limited stocks in both Thailand and Europe FOB price may
well rise further. Some factories stopped offering, others are
offering small quantities for spot shipment only.
Data source: Office of Agricultural Economics (OAE)
Weather, b/a, nitrate
Rainfall during May in both South (main pineapple growing
areas) and East areas were continuously limited and much
under the 10 years average. Temperatures during May in
both areas were higher than the previous month and also
above the 10 years average. Lack of rainfall and high
temperature will affect the pineapple plantations, both current
and next crop resulting in limited fruit supply, damaged and
smaller sized fruits and delayed forcing. Until end of summer
crop, PJC b/a ratio ranges are relatively low for the period of
the year. Nitrate levels will be decreased due to higher
temperatures and proper ripening of the fruits.
Rain amount and temperature during
May’12 – May’14 in major pineapple growing areas
The DDU (duty unpaid) prices in Europe for PJC Bx60 as
standard blend in tank wagon or a grade A product in drums
directly from origin, is in the range of USD 1,500 – 1,600
pmt. For bottling companies it is still cheaper to buy in
Europe from stock than in origin. If stocks disappear, prices
need to be adjusted to the reality in Thailand therefore will
rise further.
Thai PJC exports in MT to Europe
Netherlands
Italy
Spain
U.K.
France
Germany
Russia
2011
53,697
15,795
4,273
1,665
1,815
2,123
669
Jan-Dec
2012
50,522
12,241
4,463
2,659
1,108
242
1,232
2013
50,031
7,302
3,813
2,782
1,270
322
1,897
Jan-Apr
2013
2014
18,201 13,557
1,861
1,909
1,580
955
1,466
538
643
602
45
21
545
119
During January to April PJC shipments from Thailand
worldwide were at 38,473 MT appr. 20% down compared to
the same period last year. Shipments to Japan, Nigeria, UAE
and Korea were up. Shipments to most other volume buying
countries (Netherlands, USA, Australia, Iran, Spain and UK)
were down.
Data source: Thai Meteorological Department (TMD)

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