Thai pineapple exports have fallen greatly in May to their main markets: USA, Germany and Holland.
Some packers have decided to close down their summer production, until they’re ready to prepare the winter crop. Some will re-open at the beginning of September, some at beginning of October. This has been the earliest shut-down in history for some packers.
In September, packers will closely monitor the winter crop, considering postponing the re-opening of their factories if the price of fruit remains high (5.80-6.00 Baht) while market prices remain at the current levels. Currency exchange rate will be equally important. Another worrisome factor for them is the sharp increase in labor costs.
High Thai and Vietnamese pineapple prices have created a large demand for Chinese pineapple, and Chinese packers are having difficulties keeping up with the demand. Prices now are firm.