Greek Black Currants Market Report 14.11.24

The 2024 Greek Black Currants crop season is currently unfolding with production volumes expected to remain under 10,000 metric tons. As market conditions and supply fluctuations continue to develop, We will keep monitoring key trends in raw material pricing and supply availability. In general, your buying strategy will largely be influenced by the ongoing volatility in raw material pricing and the anticipated regulatory deadlines.

The majority of the 2024 crop remains in the hands of the growers, with gradual shifts in pricing as the season progresses. There's an upward trend in the price of Greek Black Currants. The limited supply and strong demand are impacting both growers and exporters.

The EU subsidy eligibility deadline of 30th November 2024 is a key milestone for growers and market dynamics. By this date, growers must complete invoicing for their raw materials to receive their subsidy entitlements. This upcoming deadline is expected to drive increased invoicing activity. At this point more supply information will likely become available, potentially stabilising the market.

As we approach this deadline, we will continue to observe the raw material market and keep you updated.

All in all, not much has changed from our previous report, which you can view here