In the early months of 2023, the global lime market faced challenges as prices dipped in Mexico, but it later regained momentum, particularly in April and May, leading to a price increase. However, a substantial influx of limes from Brazil restrained price growth.
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Overall, lime prices gradually ascended. Factors contributing to the second-quarter price hike included rising food inflation rates, limited food supply due to the Russia-Ukraine conflict, reduced production due to adverse weather in major lime-producing nations, and heightened consumer demand. These dynamics shaped the lime market’s slow but steady incline during this period.
Lime is a citrus fruit with small, round to oval shapes, typically green or yellow in color. Known for its tangy and acidic flavor, it is a rich source of vitamin C and dietary fiber. Limes are versatile and commonly used in culinary applications, particularly for their juice and zest, which add a zesty and refreshing taste to various dishes, drinks, and desserts. They also possess natural antioxidants and antibacterial properties. Limes are integral to the production of lime juice, lime oil, and lime extracts, which find applications in food, beverages, cosmetics, cleaning products, and various industrial processes.
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Lime Price 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 Lime Price chart, including India Lime price, USA Lime 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.
Limes have various industrial applications aside from their culinary uses. Lime juice, rich in citric acid, is an essential ingredient in the food and beverage industry, where it adds tartness and flavor to a wide range of products, from soft drinks to cocktails and condiments. Lime extracts and flavorings are used in the production of candies, gums, and other confectionery items. In the cosmetics and skincare industry, lime extracts are included in products for their refreshing and potentially skin-beneficial properties. Additionally, lime oil, obtained from lime peels, is utilized in the production of cleaning products for its natural degreasing and disinfecting qualities. Lime’s versatility extends to various industrial sectors, making it a valuable ingredient and resource.
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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