In the first and second quarters of 2023, papaya prices experienced fluctuations driven by shifting demand and supply dynamics. Peru saw a significant drop in papaya exports, nearly halving its value, due to various challenges including adverse weather and socioeconomic factors. The number of export destinations from Peru also decreased to only five. Meanwhile, in Asian countries like India, papaya demand surged during these quarters, while local supply remained limited. The widening gap between supply and demand, attributed to hotter summer conditions and heatwaves, led to a notable price increase in papayas throughout the first half of 2023.
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Definition
Papaya is a tropical fruit known for its vibrant orange flesh and sweet, tropical flavor. Scientifically called Carica papaya, it has an elongated or pear-shaped appearance and is typically enjoyed when ripe. Papayas are a rich source of vitamins, particularly vitamin C and vitamin A, along with dietary fiber and antioxidants. They contain papain, an enzyme with digestive properties, and are known for their potential anti-inflammatory and antioxidant effects. Papayas are used in a variety of culinary dishes, particularly in salads, smoothies, and desserts. They are celebrated for their refreshing taste and nutritional value, making them a popular fruit in many parts of the world.
Key Details About the Papaya Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Papaya in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Papaya Price chart, including India Papaya price, USA Papaya price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Papaya Price Trend:
Papayas have limited industrial applications compared to some other fruits, primarily due to their popularity as a fresh and culinary fruit. However, papayas do find some niche industrial uses. Papain, an enzyme extracted from papaya, is widely utilized in the pharmaceutical and textile industries. It serves as a meat tenderizer and digestive aid in the food industry and is a key ingredient in the production of dietary supplements and digestive medicines. Additionally, papaya extracts and papaya leaf derivatives are explored in the cosmetics and skincare industry for their potential benefits on skin health. While these applications are relatively specialized, papaya’s primary industrial contribution lies in the production of processed papaya products, including papaya puree, juice, and dried papaya, for use in various food and beverage products.
Key Players:
- Brooks Tropicals LLC
- Calavo Growers Inc.
- Galla Foods
- Harvest Fresh Farms
- Riverford Organic Farmers Ltd
- Super Starr International
News and recent development:
Most fruits have experienced price increases of at least 20%, and traders predict that this trend will continue in the days to come. The demand for fruits has increased as a result of the temperature increase, particularly watermelon, muskmelon, and papaya. Even fruits like grapes and Papaya are selling for a fair price. Farmers Produce Market Committee (APMC) fruit market vendors stated that although fruit arrivals have increased, prices have increased owing to increasing demand.
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