Production prospects remain encouraging
Inspections of the orchards hit by nighttime frost have confirmed market expectations. The extent of the damage is limited and losses are currently estimated at 7%-8%. Since production prospects are encouraging, the market should be able to cope well with this nominal decline. Growers, nevertheless, remain cautious and have a close eye on the development of the crop as more frost has been forecast next week.
Exchange rate fluctuations weigh on export prices
Trading remains largely subdued in Tu