Skip to Content Facebook Feature Image

Serbia's apricot harvest turns sour as heatwave bites

China

China

China

Serbia's apricot harvest turns sour as heatwave bites

2026-07-15 22:13 Last Updated At:22:37

Serbian fruit farmers, celebrating a apricot harvest after years of crop failures, are now scrambling to sell their produce, as a searing heatwave threatens to spoil the bounty, leaving many with no choice but to sell high-quality fruit to processors at rock-bottom prices.

After several consecutive years of reduced yields due to extreme weather conditions such as frost and drought, orchards across the country are enjoying a bountiful harvest this year, with apricot production expected to reach a record 50,000 tonnes.

However, with a new wave of high temperatures setting in, local farmers are facing the challenge of harvesting and selling the fresh fruit in a timely manner.

Grocka is Serbia's largest and most important apricot-growing region.

After several consecutive years of drought and frost, this year's apricot crop has finally yielded a long-awaited bumper harvest.

Purchasers of a local purchasing station said that the daily sales of the fruit in recent days have stood at around 10 tonnes, but prices vary significantly depending on the destination of the fresh fruit.

"It is used as fresh fruit for export. It is also reused for industrial processing. First-class fruit intended for export has fetched prices this year ranging from 70 (about 68 U.S. cents) to 120 dinars (about 1.17 U.S. dollars) per kilogram of apricot," said Bojan Mitrovic, a fruit buyer.

However, the overall average purchase price is only 35 (about 34 U.S. cents) to 40 dinars (about 39 U.S. cents) per kilogram, he said.

With a new heatwave approaching, temperatures across most of Serbia are expected to exceed 35 degrees Celsius, with some areas projected to reach 40 degrees Celsius.

Fruits such as apricots have an extremely short shelf life.

With a large volume of fresh fruit from the harvest flooding the market within a short period, local cold storage and cold-chain logistics capacity cannot keep up.

Farmers must sell their produce quickly after harvest, forcing them to sell large quantities of high-quality apricots to processing plants at low prices.

Fruit cultivation in Serbia is still primarily carried out in small family orchards.

This fragmented production structure makes it difficult for individual farmers to bear the construction costs of modern cold storage facilities.

As farmers race against time and the weather to harvest and sell their fresh fruit, the Serbian government and the Chamber of Commerce and Industry of Serbia have also taken multiple measures to coordinate the various stages of harvesting, transportation and sales to help fruit farmers cope with the "sweet burden" brought on by the harvest.

"[There are] basically two streamlines. One is being distributed to the Ministry of Economy through the Development Agency, which every year has programs for supporting such endeavors. On the other hand, there is the support especially for the small farmers through national support -- through the Ministry of Agriculture. The Chamber of Commerce has founded the daughter company, which is called Serbia Export. Its main task is to aggregate the offer and to be the middleman in finding and aggregating the small production businesses in Serbia, or relatively small or even the bigger ones, so it can cooperate with, for instance, Chinese partners," said Veljko Jovanovic, an analyst of the Chamber of Commerce and Industry of Serbia.

Serbia's apricot harvest turns sour as heatwave bites

Serbia's apricot harvest turns sour as heatwave bites

China's financial aggregates grew at a reasonable pace and the financial system provided stable support for the real economy in the first half of this year, according to the latest official data released by the central bank on Wednesday.

People's Bank of China (PBOC) data show that at the end of June, the balance of the broad money supply (M2) grew by 8 percent year over year, continuing to exceed that of nominal GDP (gross domestic product).

In the first half of the year, new Chinese yuan loans totaled 10.72 trillion yuan (about 1.58 trillion U.S. dollars) and new bond financing amounted to 8.51 trillion yuan (about 1.26 trillion U.S. dollars). The share of bond financing increased and the financial system's support for the real economy remained solid in the first six months.

While aggregate financing volume increased, more credit funds flowed into key areas and weak links such as sci-tech innovation and small and micro enterprises in the first half of the year.

As of the end of June, the outstanding balance of inclusive loans to small and micro enterprises grew by 8.3 percent year on year, and the outstanding balance of medium- and long-term loans to the industrial sector rose by 5.9 percent -- both exceeding the growth rate of total loans.

The overall social financing cost was at a historically low level in the six-month period.

In June, the average interest rate on newly issued corporate loans was around 3.0 percent, about 20 basis points lower than the same period of the previous year. The interest rate for newly issued personal housing loans was about 3.1 percent, basically on a par with that of the same period last year.

The Chinese exchange rate remained stable with an upward trend in the first half of the year. The Chinese yuan had appreciated by 4.7 percent against a basket of foreign currencies by the end of June and by 3 percent against the U.S. dollar compared to the end of last year. "Overall, major macro financial indicators reflecting the operation of the financial sector fully demonstrate the status of the appropriately accommodative monetary policy. The social financing conditions are relatively accommodative, while the quality and efficiency of financial services for the real economy are constantly improving," said Zou Lan, deputy governor of PBOC.

China's financial aggregates grow at reasonable pace in Jan-June

China's financial aggregates grow at reasonable pace in Jan-June

Recommended Articles