Market Report October 2025

Olives

Morocco

After two consecutive years of severe drought resulting in less than half of the usual annual average harvest, producers are hopeful for a record crop this year. Favourable weather conditions give rise to optimism, with expectations of a significant increase in harvest volumes and lower prices compared to the previous year. Producers are eager to regain lost business by offering attractive deals. We expect initial price indications at the beginning of November and will keep you informed.

Egypt

Excellent yields have also been reported here, allowing suppliers to offer very competitive prices in the entry-level segment compared to last year. Please feel free to contact us for details.

Spain

Producers are still reluctant to issue price forecasts, awaiting the final rainfall expected in October – a phase that will still have a notable impact on the size and quality of the olives.

Current crop estimates for the main varieties, compared with last year’s averages, are as follows:

• Hojiblanca: -10%
• Manzanilla & Carrasquena: +17%
• Gordal: -24%
• Cacerena: +28%

Forecasts will be updated in week 43. We expect initial price indications from mid-November and will keep you updated.

Greece

A hot and excessively dry summer has led to significant losses this year. Last year’s volumes will not be reached. Initial price indications are expected towards the end of November.

Tuna

Manta/Ecuador – FAO 87

The existing price trend continues: declining availability of low-priced raw material coincides with increased spot purchases during the ongoing Veda (fishing ban). Current market prices are around USD 1,720/mt, with a continuing upward tendency.

General Santos / Philippines – FAO 71

The anticipated higher landings following the FAD ban have not materialised. Landings remain slightly below the multi-year average, while moderate demand is putting mild upward pressure on raw material prices, currently between USD 1,625 – 1,700/mt.

Papua New Guinea

Traditionally known for co-packing, both public and private sectors have recently increased investment in the tuna industry. The aim is to reduce dependence on raw material exports to Thailand and the Philippines and to strengthen domestic value creation.

We are pleased to offer you highly attractive prices, particularly for 7 kg MSC chunks and flakes. Please contact us promptly for further details.

Pepper

Indian and Brazilian suppliers are now offering very limited quantities from the old crop. We expect first price indications for the new harvest from mid-November. Alternatively, we can already offer a growing range of pepper from Vietnam.

Pineapple

In Thailand, initial processors have resumed production following the summer break. With the winter crop starting at the end of October, expected rainfall may have a positive impact on overall yield development. For Thailand, total production is forecast at 850,000–900,000 tonnes (vs. 693,000 tonnes in 2024) – still well below the long-term average of around 1.2 million tonnes over the past decade. Tender activities scheduled in Europe and America for Q4 2025 will continue to support global demand. Current raw material prices stand at around THB 10.50/kg.

We are closely monitoring Thailand’s ongoing free trade negotiations with the EU. Should an agreement be reached as planned in 2026, key import tariffs could be eliminated, improving the competitiveness of Thai supplies.

Indonesia can offer shipments from December onwards, though prices remain above Thai levels. Philippine-origin pineapple is currently available under very attractive conditions. We recommend covering your requirements during the autumn harvest.

Coconut Milk

We have observed a growing trend of companies relocating production facilities to raw-material-rich regions. For example, Thai producers are establishing new factories in the Philippines to produce organic and Naturland-certified goods, while manufacturers from Sri Lanka and Vietnam are expanding into Indonesia. This shift is also influenced by the planned EU–Indonesia Free Trade Agreement, expected to be ratified by the end of 2026, which would eliminate tariffs on coconut-based products and make Indonesian supplies comparatively more competitive.

Sri Lankan producers are planting 2.5 million new coconut trees, adding about 15,000 ha of new cultivation area. In addition, the government has launched a subsidised fertiliser programme with significantly reduced prices to further stimulate production. Currently, both organic and conventional prices from Sri Lanka remain stable.

In contrast, we are receiving very attractive offers from Indonesian packers, including for organic grades. This presents excellent opportunities for you – please feel free to contact us for tailored advice.

Quinoa

Prices from Spain remain high, driven by limited availability and strong demand. In Peru and Bolivia, a shortage of organic quinoa persists due to weather-related crop failures, political instability, and high production costs. Even a 15% expansion in cultivation area has not offset the shortfall, as unexpected heavy rainfall and frost reduced yield per hectare. We are observing an upward price trend for both conventional and organic quinoa.

We recommend securing your quantities early to ensure supply stability.

Although we consider our sources to be reliable, we do not assume any liability for the completeness and accuracy of the information listed here.