Citrus/CEPEA: Low Tahiti Lime Supply Drives Up Prices
According to CEPEA (Center for Advanced Studies on Applied Economics at the University of São Paulo), Tahiti lime prices are being buoyed in both domestic and export markets due to a gradual reduction in available supply and quality limitations in part of the São Paulo crop. Data indicates a significant price increase from April to June, driven by the traditional off-season and adverse climatic factors that have compromised fruit color and quality.
The Center for Advanced Studies on Applied Economics (CEPEA) at the University of São Paulo reports that Tahiti lime prices are being consistently supported in both the domestic market and export operations. This trend is primarily attributed to a gradual reduction in available supply and existing quality limitations affecting a portion of the crop in São Paulo.
CEPEA's surveys indicate a significant increase in the price of Tahiti lime, picked directly from the tree, in São Paulo. The price, measured per 27.2 kg box, rose from R$ 20.06 in April to R$ 24.53 in May, further reaching R$ 25.96 during the first part of June (up to the 10th).
According to CEPEA researchers, this price appreciation is occurring during what is traditionally the off-season for Tahiti lime in São Paulo. However, this year, adverse climatic factors have exacerbated the situation by compromising the fruit's color and overall quality, further tightening supply and contributing to the upward price movement.