The turnover from the beginning of October to mid-November declined somewhat (6.2 percent) due to the poorer price-setting for cut flowers. The prices of gerbera, lilies, and spray and disbudded chrysanthemum are lower than in 2016, when there was a worldwide shortage.
If we look at the average prices of the last 5 years, however, we see that this is an average price-setting. The prices lay higher than average in 2016 because of the worldwide shortage.
Causes of the lower price-setting:
- Among cut flowers the share of direct flows increased by 1.7 points to 32.7 percent. As a result, the clock price of cut flowers decreased slightly.
- The turnover of cut flowers dropped by about 8 percent compared to the same period in 2016, despite an increase of 3 percent in the supply.
- In 2016 there was a relative shortage of cut flowers in the global market due to a combination of bad weather and special holidays. This led to higher prices in the same period.
- The most important sales countries realised a growth of around 4 percent. Only the UK lagged behind with a drop in export of 3 percent, which can be blamed on Brexit, which was announced in 2016.