21 Sep 2023

Climbing profits: Hortifrut's 2023 report shows 10.8% revenue boost driven by Chinese blueberry sales surge

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Hortifrut's total revenue for the first half of this year reached $503 million, marking a 10.8% increase compared to the same period last year. Their semi-annual financial report attributes this growth to the rise in production and sales of blueberries in China.

According to HortiDaily, the South American small fruit giant Hortifrut recently released its financial report for the first half of 2023 (ending on June 30, 2023), comparing it to the same period in 2022.

The data reveals that the group's total revenue in the first half of this year reached $503 million (approximately 3.66 billion RMB), with a 10.8% increase compared to the previous year's period. This growth can primarily be attributed to a 16.3% increase in fresh fruit sales, while prices remained relatively stable.

The increase in fresh fruit sales can be attributed to several factors: Mexican blueberry production increased compared to the same period last year, resulting in higher sales. Peruvian blueberry production also saw growth, and third-party exporters (who either own the Hortifrut variety or have received authorization for it) increased their production, generating commercial profits for the company.

The Mexican raspberry plantation began production, and Hortifrut's Centennial variety performed well both in its own production and for third parties. Additionally, blueberry production in China increased.

Read the full article: Asiafruit


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