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Market Report February 10

Market Report February 10

By on Feb 12, 2020 in MARKET REPORT | 0 comments

ON THE RADAR—Asparagus is going through a growing region transition. The market remains tight and we anticipate this trend to continue for a couple weeks. On of the regions has had colder weather which has not greatly affected the supply that is currently coming from that region.

Avocado markets are stable and supplies are plentiful after the big bowl game. The CA market has begun but is only supplying a small percentage of the industry. The supply will continue to increase as we move through the remainder of February and continue through Spring. Overall flavor and quality has been solid.

Blackberries have decent supply still but the market is following trend with a slight increase in pricing. Expect for this to be the most promotable berry for the next couple of weeks. Blueberries were the most promotable berry up until this week. The market is becoming more snug and supply is not quite as plentiful. Some import product will end early this year due to less supply. The Raspberry market has become very tight. Supply has dropped dramatically pushing pricing up. This is expected to last at least two weeks. A lot of supply will be coming from the Central growing region which took a huge hit like the strawberry market did this week with cold weather and rain. Expect demand to decrease with Valentine’s Day pulls ending next Wed providing a small release in the market leading into the week of Feb 17th.

Broccoli supplies continue to be above normal for the week. Warmer weather is providing better yields at harvest. Good quality is being reported by multiple growers.

Brussels Sprout supplies are holding steady and production has been good. The sprouts have had a great couple months but the supply is beginning to turn downwards as northern production areas have ended. New crop has begun and we anticipate a more active market while it ramps up.

Both Red Cabbage and Green Cabbage have rebounded some this week. We anticipate seeing some improvements continue over the weekend and leading into next week.

ON THE RADAR—Jumbo Carrots have continued to be tight nationwide. Overall sizing has slowed leaving supply somewhat limited due to colder weather. We will keep a close eye on how supply progresses in the coming weeks.

Cauliflower supplies continue to improve this week and the market is not escalated. Growers are getting better yields at the time of harvest. Improved weather is the main contributor for improved supplies. Good quality is been reported by multiple growers.

Cantaloupe and Honey Dew Melons have continued to show good sizing and quality remains very consistent with solid brix levels and good supply. Sizing has remained on the larger size and is projected to remain that way for the coming weeks. Supply is shifting to new crop imports.

Celery supplies continue to be very good with supplies coming from multiple regions. Growers are not reporting any quality concerns. Contract prices are not escalated at this time and markets are expected to be steady for the next few weeks.

Corn production is lower this week. Rain and cool weather are the main factors on availability. Pricing is trending up this week.

The Cucumber market is tightening up this week. Growers reported freezing weather and rain earlier this week. Other regions have been hit with rain and high winds. Expect tight supplies and higher cost for the next week to 10 days.

Production on Eggplants will be down due to rains in the growing areas. Pricing is expected to work up a bit but the low demand for this item will help keep prices in check.

ALERT! Chinese Garlic is on alert due to Coronavirus affecting labor and also ports allowing product out of China. We anticipate this to remain and also continue to add pressure on garlic prices until the virus is contained.

ON THE RADAR – Red Seedless Grape market is up on import product. Growers have struggled to provide supply, keeping market pricing elevated. Green Seedless Grapes are available but overall supply is limited.

Iceberg supplies are above normal this week. Warm weather is providing better yields at the time of harvest and overall quality has been solid. The is a promotable item as we expect good supply for the foreseeable near future. Romaine supplies continue to be above normal for this week. Growers are reporting very good supplies at the time of harvest. Overall good quality and weights on romaine. Markets are recovering on Green Leaf and Red Leaf Lettuces. Colder weather held back supply but is now opening up. We anticipate this to continue to improve into next week as warmer weather is on the forecast.

Supplies for Arugula picked up this week due to favorable weather. Quality has improved as well. Processors have moved from elevated to normal pricing for all items this week.

There has been a surplus of supply of Limes crossing the border and the sizing has been well balanced and distributed. This has kept markets low. We will closely monitor this as it’s lower than usual for a February trend. Lemon supply and quality continue to be flush with heavy supply. Very little fluctuation from last week with pricing. The season continues to be strong and the price gap between choice and fancy is small.

Overall the Onion market has softened up since last week. As we move into February, we have seen a slight decrease in freight costs across the board. More domestic crop is available in the market. We anticipate this to hold moving through the next couple of weeks. Green Onion supplies are almost back to normal. Weather is helping this market get back to normal. Contract prices are back to normal and are not escalated. Supplies are expected to remain steady for the next few weeks.

The Orange markets are in solid supply and in good quality across the board. The choice market has been hovering steady and fancy market is a bit higher on larger fruit, with better pricing on small fruit. No signs of immediate change in the orange market in the upcoming weeks.

ALERT! The Bell Pepper market is tightening up this week. Growers reported freezing weather and rain earlier this week in some regions, while others have been hit with rain and high winds. Expect tight supplies and higher pricing for the next week to 10 days. The Chili Pepper market is steady this week. Jalapeno, Poblano Peppers, and Tomatillos are in good supply with good quality. Overall good demand and good quality. Expect the markets to remain steady into next week.

We’re seeing limited sizing on larger Pineapple. Suppliers are asking for flexibility where possible on sizing to help fill orders and avoid supply issues. Sizing has been heavier on 7/8s and limited on 5/6s.

EXTREME ALERT! The Potato market remains in an extreme state with quality and supply continuing to struggle. Still seeing quality concerns in certain areas based on conditions during harvest. Open market availability is scarce. We have a long road to go this season and are still battling supply issues due to lack of overall supply in the marketplace. We recommend flexibility on sizing to get through this extreme situation and we will keep you updated on this unprecedented market.

ALERT! Freezing temperatures and rain have impacted Zucchini and Yellow Squash in some regions while other regions have been hit with rain and high winds. Look for the market to work upwards. Growers are reporting quality issues from the rain and wind as well.

ALERT! Each Strawberry growing region has had some issues over the past few days which has put a ton of pressure on the berry market. With Valentine’s Day pulls currently happening, the timing has been troublesome. Unfortunately weather hit each region during a couple day period that is most important for harvest conditions leading into a holiday pull. Multiple growing regions experienced wet conditions mixed with very cold temperatures. All of this has led to limited supplies and elevated market pricing. Temperatures are expected to improve leading into next week but the market will remain on ALERT due to lacking supply and higher activity.

ON THE RADAR—The Tomato market seems to be turning up a bit this week. The growing region experienced multiple days of rain. Growers are also noting that they are feeling the effects of freezing weather from Wednesday. With that said, weather has brought production to a halt. Production was very limited on Monday too. Domestic tomato supplies remain tight and haven’t ever fully recovered from the colder than normal temperatures along with rain last month. Growers estimate that supplies will be tight on domestic product until the end of February. Import growers are expecting supplies to be tight now through the front side of next week. Recovery will depend on how long the freezing temperatures last.