China has supplied stone fruits like Peaches & Nectarines to Russia for a long time.
In 2008 its export value reached USD 10 million.
In 2019 The Russian Federal Services for Veterinary & Phytosanitary Surveillance reported 48 cases of contamination of foreign organisms in Chinese shipments; if transferred, it could devastate 30-90% of crop yields.
Thus, imposing a ban on Chinese stone fruits export to Russia.
As the ban is yet to be lifted, according to USDA, Chinese exports of Nectarines & Peaches are expected to be down by one-third in the absence of the Russian market.
Favorable climate conditions, a growing juice industry & strong governmental support, has given rise to the Turkish exports in Russia.
Even the impact of covid-19 has been minimal on the sector, and due to attractive prices, the country has been in the eyes of large consumer economies, owing to its low labor cost & high supply.
Just in 2008, the export value of Turkey to Russia was USD 7.4 million. Simultaneously, its growth in export value recorded a 288% hike over the 2015-19 period, a 32% increase.
Turkish Peaches & Nectarine exports are expected to reach 140,000 tons.
On the other hand, the global Peach & Nectarine production has contracted globally in the US, EU & China, which happens to be the major producing countries.
This is an opportunity which Turkey should not miss to become a leader in Peach & Nectarine market.
The EU’s entrance to the Russian market is also restricted until the year-end.
Traditional exporters like Spain, Italy & France have been reducing growing areas for Peaches & Nectarines due to an accumulating surplus.
Not only Turkey, but Egypt has increased its fruit exports, rising Peach & Nectarine exports by 186% in terms of import during the Market year 2018-19.
All-together the circumstances are giving rise to new players in the Peach & Nectarine market.