Major decrease in dried cranberry production
The cranberry crop for this season is significantly smaller than in previous years and buyers are despairing of high prices and transport problems; the dried fruit is now considered a luxury product.
High crop damage in the USA
The situation on the cranberry market remains extremely tense. The US crop in 2021 was small due to weather-related crop damage and the season also started with only small carry-over stocks, resulting in supply shortages. Growing regions in Massachusetts and Wisconsin were particularly hard hit, according to the International Nut and Dried Fruit Council (INC). Production estimates for 2021/22 cranberry production in the USA currently stand at just under 123,000 mt, with Canada (34,231 mt) and Chile (10,344 mt) following in second and third place. (Mundus Agri)
Price rally continues
Global demand for dried cranberries remains strong, but low stocks and export difficulties continue to cause problems and high prices. Catz experts report that some shippers are booked up months in advance and the fruit is now considered a "luxury dried fruit" due to expensive export prices.