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Market Report for Week of December 30th

By on Jan 2, 2020 in MARKET REPORT | 0 comments

                    source: Erren’s Kitchen

  • ON THE RADAR: Expect a tighter Asparagus market from now until late January. West Coast imports are struggling in comparison to import product landing on the East Coast. Markets are beginning to spike and supply is becoming short.
  • Avocado markets are stable and supplies are plentiful. 48 count are more plentiful than the smaller sized fruit. Expect to see this trend hold over the coming weeks. Demand is expected to increase as we move through the holidays. Also, with the holiday’s landing on Wednesdays, expect to see lighter picking and a slight drop in supply until after New Year’s.
  • We are beginning to hear that Banana supply is decreasing and expect this trend to continue in the coming weeks. This situation may remain until mid-February 2020. Plantains still remain super tight and are expected to remain tight.
  • Blackberry supply is on the rebound and has stabilized for the most part. We expect some improvement as weather continues to improve. Import supply is light but steady and will continue to increase into the new year. Blueberry production from multiple growing regions has been solid. Expect volumes to remain steady in the coming weeks. Raspberry supply is still steady and should remain that way with current weather patterns holding.
  • Broccoli supply and quality continue to be solid as desert harvested product is in full swing. Expect to see no escalation in the coming weeks and a steady supply to match demand. Quality has been reported as great. Good quality is reported by multiple Cauliflower growers and market pressure has fully released. Supply has reached volume and no significant weather changes are on the forecast.
  • Brussels Sprout supplies are holding steady for this week with promotable volume. Growers are anticipating a very good holiday pull but supply has been solid and should be able to keep up with demand.
  • Good supplies of Green and Red Cabbage continue to stabilize and reach steady limits. We anticipate this to remain moving forward over the next couple of weeks.
  • 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. We have seen escalation in pricing within the last week.
  • Cantaloupe and Honeydew Melon import programs have continued to show good sizing and quality remains very consistent with solid brix levels and good supply. Start of the import season has shown larger sizing. Expect a stable and solid few weeks ahead.
  • Celery supply continues to be steady and is increasing. New crop celery will begin next week which should help to keep supply and demand balanced. Growers are expecting some release as volumes continue to increase. Sizing has been slightly smaller and heavier on 30 ct.
  • MARKET ALERT! Corn supplies are extremely limited this week. Due to transitioning, cold weather and the flooding in the growing regions. Expect high markets for the next two weeks or more. Quality is good to fair. Expect loading delays as growers line up product to fill orders.
  • MARKET ALERT! Cucumber production is coming from multiple regions – both domestic and import. Supplies are on the tighter side due to rains in all growing area. Pricing is up in comparison to last week. Product will remain ON ALERT until supply and quality can catch up and stabilize after continued rain in growing regions over the past month.
  • Eggplant supplies and pricing remain steady. Production is coming from multiple regions.
  • Grapes are now 100% import fruit and markets are still high. Red Seedless market is up. Supply is limited and arrival of heavier volume and varieties will not happen until after the new year. Green Seedless overall supply is very limited and won’t keep up with demand. Current supply shortages are not enough to keep demand at bay.
  • Green Bean prices have decreased considerably in the past week as we draw closer to the end of the holidays. Beautiful weather in the growing region has brought more harvesting with quality being good to excellent. The green bean market is projected to return to normal in the next two weeks.
  • Chervil & Basil are limited this week due to weather issues in the growing areas. Supplies are expected to improve next week. All other herbs are expected to remain steady with good quality.
  • Kale supplies have remained steady and are looking good with numbers in the coming weeks. Good quality is being reported by multiple growers.
  • Iceberg Lettuce is in good supply and in good condition. We anticipate this to remain steady for the upcoming weeks. Growers are reporting good yields and quality. Romaine has fully rebounded and has seen good supply this week and can expect good supply in the coming weeks. Overall quality has been good and the market has come down leaving a spread in pricing. Expect for this drop to continue as the markets fully stabilize. Green Leaf and Red Leaf Lettuces have been in good supply and also have had good quality. With good weather on the 10-day forecast, we expect to continue to see good volume on green and red leaf in the coming weeks.
  • The Lime market and available supplies have continued to climb, especially on smaller sizes. Limited harvest over the holiday and overall instability have led to tighter supply and an increase in pricing. Lemons are steady this week. Very little fluctuation from last week. Peak sizing on smaller fruit with tighter supply on 95s and 115s.
  • The Onion market remains steady and is actually slightly lower than what suppliers were anticipating. Medium sized product is readily available. Jumbo Onions, Colossal Onions, and Red Onions are steady to slightly lower priced. Nothing is indicating a sudden shift with the current trend on onions. Green Onion supplies are down this week due to the holidays. Growers are anticipating a bigger demand for Green Onions as we continue through the Holiday. Green Onions are on ALERT this week.
  • California Navel Oranges are in full swing and are showing volume across the board. All sizes are in excellent supply. Market prices have been consistent over the past two weeks. Florida has seen cooler evenings recently which has helped with color and flavor as the season moves forward.
  • More Bell Pepper production is coming from multiple southern growing regions. Weather is a factor with respect to quality and has limited available supplies. Volumes and pricing are expected to stay steady and should hopefully rebound some if weather patterns remain sunny. The Chili Pepper market is steady this week with good supplies in the east and west. Jalapeno, Anaheim, Poblano peppers, and Tomatillos are in good supply with good quality. Serrano Peppers are lighter this week. Good demand and good quality. Expect the markets to remain steady into next week.
  • EXTREME ALERT! Fresh Potato shipments from the 2019 crop are likely to fall 11.19 million cwt short of 2018 movement. Expected shipments would be the lowest in modern history. Russet table potato prices have exceeded year-earlier values by an average of 70.6% in past years when fresh shipments have fallen more than 5% short of year-earlier movement. The potato market is steady from last week but still on EXTREME alert. 40-70 count Russets are extremely limited. This is a tough time with holiday pulls, not only on supply but also on trucks as freight is up as well. We recommend flexibility on sizing to get through the holidays and we will continue to monitor the situation and keep you updated on this unprecedented market.
  • Squash production out of the South has decreased over the past week. Overall, quality has improved this week and has been decent on Zucchini and Yellow Squash, outside of some minor scarring. In the West, we are seeing quality and production issues on all soft squashes. With some better weather patterns in the forecast, we hope to see a slight increase in the numbers over the next few weeks.
  • Winter time Strawberry supplies are still tight. Growers are expecting production increases as well as lower pricing after the holidays. Western growing areas have experienced rain and more is in the forecast for this week. This has resulted in lower than normal production. Southern growers have also experienced lots or rain and challenges with disease on the plants. The size of fruit has been running smaller than usual and growers have lost some volume from culling. Production will pick up and quality will improve as the weather clears up later in the week.
  • ALERT! All Tomato varieties are under an extreme alert. Demand is up of course due to the holidays and supply is extremely low and has not improved since last week. In the midst of transition, multiple regions are gapping which is causing markets to skyrocket on Roma Tomatoes and Round Slicing Tomatoes. The Round market is leaning on Southern production but has still been limited due to colder weather. We anticipate round supply to remain limited until the middle of January. Roma market is still struggling but has had some relief from new crop import product. If weather cooperates, we anticipate Roma supply to continue to improve in the coming weeks. Grape Tomatoes are getting tight as well and Cherry Tomatoes are rising as they see increased demand as an alternative. Multiple suppliers have already enacted AOG’s or are discussing the possibility of having to call such action in the coming days. We highly recommend opening spec when requested to ensure product availability