Free of charge

Dried cranberries: no end to the price rally in sight

February 14, 2022 at 3:57 PM , Der AUDITOR
Play report as audio

MADISON/OTTAWA. Lower availability in the current season cause spot market prices for dried cranberries to rise significantly. Ongoing transport problems are also contributing to the price increases.

Lowest carry-over supplies in ten years

Market players' fears have come true and the cranberry market has started the 2021/22 season with the lowest carry-over stocks in the past ten years. Chelmer Foods experts put this at 4.186 million barrels, 453,000 barrels less than the carry-over supplies of 4.369 million barrels carried into the 2020/21 season. Experts estimate total available stocks for 2021/22 at 12.25 million barrels. This means that the crop is relatively low for the third year in a row, which is mainly due to the warm and humid summer of 2021 in North America, which led to increased mould growth on the fruit. The losses could not be compensated by the 20% increase in acreage.

No easing to be expected

The lower stocks have led to a further strong increase in prices on the European spot market in recent weeks. Cut red cranberries from the USA now cost EUR 4.65/kg FCA Spain, which is EUR 0.30/kg more than in mid-January. Prices for whole red cranberries of the "Ocean" variety have even risen by EUR 0.50/kg in this period. Catz also reports that new orders can only be concluded with a longer waiting period. As the new crop will not be available until the end of 2022, experts do not expect the situation to improve significantly before January 2023. Transport problems such as the ongoing container shortage and fully booked cargo ships are also taking their toll.

Dried cranberries

Type, origin

EUR/kg

Red, whole, “Ocean“

5.60

Red, cut, USA

4.65

Black, whole, “Cond“, USA

10.90

FCA Spain

View more information
price charts

View related articles

Go to the News Overview
Dried Fruit
Jun 11, 2025
MALATYA. Even after the Feast of Sacrifice, most apricot processing companies in Malatya remain closed as there is neither supply nor demand. Market players are calling on the government to take action.
Dried Fruit
Jun 11, 2025
DALIAN. Market players reckon that the new goji berry crop in China will be available shortly. Due to the strong demand, growers hope to be able to push through commodity prices in the new season.
Dried Fruit
Jun 10, 2025
AYDIN. Turkish fig farmers have started the pollination phase a little later than usual this year. So far, the prospects for the coming crop are satisfactory.
Dried Fruit
Jun 10, 2025
MANISA. High temperatures and hail showers characterised the weather in the Turkish province of Manisa last week. Growers continue to hold back their raw materials and market players are not ruling out further price increases.