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.
Definition
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.
Key Details About the Lime Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Lime 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.
Industrial Uses Impacting the Lime Price Trend:
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.
Key Players:
- Valley Mineral LLC
- Graymont Limited
- Mississippi Lime Company
- Sibelco Ltd
- Lhoist
- Carmeuse
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