Dried Plum Market Shows Healthy Price Perspectives
The global prune industry relies largely on production and exports from Chile, the US, France, and Argentina. While production in Chile has rebounded and output in California is likely to grow marginally, it will not be enough to compensate for the decline in production in France and Argentina (impacted by frosts). Moreover, inventories are low as the demand for prunes as a healthy alternative has steadied. Against this backdrop, the price outlook is favorable, but margins remain exposed to supply chain challenges and input cost increases.