European buyers refused to pay a price 5% higher than last year because of the adequacy of canned peaches. The market was down.

 

Industry insiders said that until the end of the order on November 11, Spanish and Greek Canners had not been able to sign a new season of canned peaches with European buyers, and the price was still controversial.

 

"We require (peach cans) to be at least 5% higher than last year to share the high costs of the season, especially raw materials," commented one Spanish insider, adding that some buyers have expressed willingness to pay 3% higher prices than last year.

 

Some Spanish canneries quoted 24 x 1 kg canned peaches with a selection of easy-to-pull cans and Catherine early-ripening peaches at 19.20-19.40 euros ($21.20-21.43) FOB Port of Spain.

 

Despite the cannery's desire to buy at 350 euros per ton last year, Spain's peach canned raw material farm has delivered at 370 - 380 euros per ton.

 

Meanwhile, Greek insiders insist that the price of raw materials can not be determined until the highest price of peach cans is found.

 

It is reported that European buyers are not in a hurry to sign any transactions, as most of them have sufficient stock until the end of the September production season.

 

"There's a lot of pressure. "No sales means no financing," one industry insider added after observing, which is a serious injury to Spanish and Greek manufacturers.