Exports out of Chile have begun to decrease as we move closer to the Northern
Hemisphere new crop. Californian current season stock is very scarce; we do not expect to
see many offers until new crop.
Despite the fact that the new US crop is expected to be 6% larger than last year we still
expect prices to open significantly higher than in 2016. Demand is still over supply and
many buyers seem to be needing stock quite urgently, as due to the low prices last year the
crop sold out too quickly.