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In the first and second quarters of 2023, watermelon producers in Bangladesh experienced a favorable market trend characterized by high yields and elevated prices, both in domestic and international markets. The key driver behind this positive shift was improved connectivity, enabling producers to access markets across the nation and beyond. Additionally, growers attributed their robust yields to favorable weather conditions. The opening of the Padma Bridge facilitated quicker transportation, reducing the risk of fruit spoilage during transit. A similar pattern was observed in India, where limited watermelon production, coupled with surging demand during Ramadan and heatwaves, led to escalating prices, ranging from Rs 600 to 1200 per quintal.
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Definition
Watermelon is a juicy and refreshing fruit characterized by its typically large, round or oblong shape, green rind, and vibrant pink or red, sweet and watery flesh. It contains vitamins A and C, as well as antioxidants like lycopene. Watermelon is celebrated for its high-water content, making it a hydrating summer fruit. It's enjoyed fresh, sliced, or added to fruit salads, smoothies, and desserts. With its sweet taste and hydrating properties, watermelon is a popular choice during hot weather.
Key Details About the Watermelon 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 Watermelon 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 Watermelon Price trends, including India Watermelon price, USA Watermelon 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 Watermelon Price Trend:
Watermelon, primarily cherished as a delicious fruit, also finds industrial applications beyond the kitchen. Its seeds are a valuable source of oil, used in cosmetics and lubricants due to their high fatty acid content. Moreover, watermelon rinds possess potential as a raw material for bioethanol production, contributing to renewable energy sources. The fruit's red pigment, lycopene, is employed in food coloring and supplements. Watermelon's natural sugars can be fermented for alcohol production, while its fiber content may serve as a base material for biodegradable plastics. This versatile fruit, beyond its culinary appeal, holds promise in various industries, offering both nutritional and sustainable solutions.
Key Players:
- Bayer AG
- Syngenta Crop Protection AG
- Groupe Limagrain Holding
- Sakata Seed Group
- TAKII & CO LTD
- Rijk Zwaan Zaadteelt En Zaadhandel B.V.
- Corteva Agriscience
News and recent developments:
Watermelon farmers getting good yields, prices. The Padma Bridge's improved connectivity has allowed watermelon producers in southern Bangladesh to enjoy early season bumper yields and pricing as their crop can now be sold in dstv markets across the whole nation. In order to start harvesting by mid-February, when prices are normally higher, farmers in more than 100 char regions of Patuakhali, Bhola, and Barishal have started growing watermelon in December rather than January for the previous three years.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.
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