Broccoli Powder Price Trend and Forecast

Broccoli Powder Regional Price Overview

Get the latest insights on price movement and trend analysis of Broccoli Powder in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

 

Broccoli Powder Price Trend for the First Half of 2023

Broccoli powder is directly sourced from broccoli plants, so the price trend depend on the production yield and market consumption of broccoli. Broccoli prices mostly swung high in the first two quarters of 2023. Broccoli powder is consumed as a green supplement for its nutritional benefits, so the demands in downstream markets were consistent.
 

Broccoli Powder Price Chart

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Unfavourable weather conditions, such as uneven rainfall, heatwaves, droughts, and floods, interrupted crop cycles across various regions. These weather disruptions caused food prices to rise, and broccoli prices behaved no differently.

These inclined prices exerted considerable pressure on the upstream costs for broccoli powder. Further, the demands for broccoli powder as a green supplement were consistent. Overall, the erratic supply and high prices of feedstock broccoli affected the prices of broccoli powder.

Analyst Insight

According to the Procurement Resource, Broccoli powder prices are expected to remain on an inclined trajectory in the upcoming months. Given the lowered production amid high demand and rising cost pressure, the pricing fundamentals are expected to rise.
 

Broccoli Powder Price Trend for Second Half of 2022

In the Asian region, specifically India, a shifting trend was observed as the producers were much more inclined towards the cultivation of broccoli instead of other vegetables due to the persistent higher returns given by the vegetable. The supply of broccoli and its powder was able to meet the rising demand for the commodity and thus the prices remained stable in the third and fourth quarters of 2022.

In the North American region, vegetable prices rose nearly 40% more than the last year majorly due to high inflation and unpredictable weather changes affecting crop production. The agricultural sector was severely hit by the extreme weather changes that reduced the output of crops and thus the supply somehow struggled with the growing demand and in turn the prices of broccoli powder rose in the region.

Analyst Insight

According to Procurement Resource, the price trend for broccoli powder are expected to continue their upward trajectory as the demand from the end-user industries is surging along with high inflation rates and limited availability of the crop.

Procurement Resource provides latest prices of Broccoli Powder. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.