Market Report Week of January 20
ON THE RADAR: Asparagus is going through a transition in growing regions. The market continues to tighten up and we anticipate this trend to continue for a couple weeks. 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, especially on the West Coast.
Avocado markets are stable and supplies are plentiful but the market will begin to see activity leading up to the big bowl game. Harvesting has begun in CA, but is only supplying about 5 percent of the industry. The supply will continue to increase as we move into February and continue through Spring. Overall flavor and quality has been improving.
Banana supplies have had a turn-around with no issues on the horizon. Good quality is being harvested with slightly smaller sizing. Plantains are also seeing better numbers and should continue to be headed in a positive direction.
The Blackberry market is starting to tighten up a bit as growers have shipped their excess fruit. Some quality issues are being reported due to the excess fruit in the marketplace. Plenty of Blueberry volume right now, and quality is great. Prices are expected to stay steady through next week. Raspberry supplies have significantly tightened up this week. The weather is not cooperating thus making supplies for very tight right now.
ALERT! Broccoli supply has been light this week due to cooler temperatures. Harvest schedules have been impacted and delayed due to plants not maturing on time. Markets are currently escalated and are expected to remain similar for the next couple weeks.
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 end. As northern supply decreases over the next week the harvest transition starts, we anticipate a more active market while the gap is bridged.
Red and Green Cabbage production has been impacted and supply is short at the moment. Moving into next week supply should rebound along as better weather conditions arise.
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 a limited market but overall a release as we’ve moved through January.
ALERT! Cold weather has begun to affect the harvest with Cauliflower just like with many other desert veg items. We plan for markets to remain escalated for another week or two.
Cantaloupe and Honeydew Melon harvests have continued to show good sizing and quality remains very consistent with solid brix levels and good supply. Overall supply will drop some as growing areas begin to move. Sizing has remained on the larger size and is projected to remain that way for the coming weeks.
Celery supply continues to increase. Growers are expecting some release as volumes continue to increase. Sizing has been slightly smaller and heavier on 30s and 36s.
Corn supplies are still limited this week as suppliers attempt to catch up from recent shortage. Expect high markets for the next week. Quality is good to fair. With warmer weather on the forecast, production should increase and market pressure should release some.
Cucumber supplies are on the tighter side due to previous rains in all growing area. Cucumbers are rebounding but product will remain on watch until supply and quality can catch up and stabilize after continued rain in growing regions over the past month. Imports are arriving which will continue to help with short supply in the coming weeks.
Eggplant supplies and prices remain steady. Solid production from multiple regions.
Red Seedless Grape market is up on import product. Supply is limited but increasing. Green Seedless Grape supply overall is limited.
Harvests on Green Beans have been steady and with holiday’s over, demand is finally equal with supply and the market is balanced.
Kale supplies have remained steady and are looking good with numbers in the coming weeks. Good quality reported by multiple growers.
ALERT! Colder temperatures have been affecting Iceberg Lettuce over the past two weeks. There is still a lot of pressure on pricing due to limited yields but overall the markets appear to be stabilizing. Iceberg will remain on watch heading into next week due to demand exceeding supply.
ALERT! Romaine has rebounded but is also still on watch due to colder temperatures leading to possible discoloration and quality issues. Field QA teams are heavily monitoring harvests until warmer weather arrives this coming week.
ALERT! Green Leaf and Red Leaf Lettuce are on alert with lower volumes on both colors. Colder weather has held back supply and has kept the market slightly up. Seeing some quality concerns such as fringe burn and blistering due to the weather conditions.
ALERT! Arugula and Baby Kale supplies are still extreme this week due to rains and freezing weather over the last few weeks. The tight market conditions are expected to last another 1 to 2 weeks.
The Lime market was on the incline which is historically how the market trends in January, until this week. There has been a surplus of supply 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 atypical for January trend. The Lemon supply and quality continues 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 is slightly increasing but is holding steady with the supply and demand balance. The increase happens as pack houses take time off during the holiday breaks. As the month of January unfolds, we anticipate slight increases in pricing to continue as pack houses work through previously harvested product and cull through product.
ALERT! Green Onion supply has dropped due to below normal temperature levels in the growing region. Onions are not maturing fast enough to keep up with normal demand. There is an expectation for the market to rebound in the next week, but overall supply has been hit and will remain escalated up through next week.
The Orange markets are in solid supply and in good quality across the board. Fancy Oranges with larger sized fruit have demanding premium pricing. Better prices on small fruit. No signs of immediate change in the orange market in the upcoming weeks.
ALERT! The Green Pepper market is still very tight. Rains and cooler weather have impacted product coming from multiple regions. Pricing for Red and Yellow Peppers is stable and at more normal levels. The Chili Pepper market is steady this week but is showing some lower numbers on Anaheim’s. 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.
No market concerns on Pineapple and product quality has been great. We are seeing a smaller sized fruit with less volume on 5/6’s in the market
EXTREME ALERT: The Potato market remains extreme with pricing higher on larger spuds. Still seeing quality concerns in certain areas based on conditions during harvest. 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! Weather in the growing regions has impacted the supplies of Yellow and Zucchini Squash. Supplies are extremely tight and costs are elevated. Growers are reporting challenges with quality. They’re also expecting the market to remain the same for another week or two.
ALERT! Rains on both coasts have impacted Strawberry production. Quality has been impacted too. Forecast for warmer weather will help increase production and quality should improve. Stem Berries are expected to be beautiful and bountiful for the Valentine’s Day holiday. That being said, things can change on a dime if rains or cooler weather comes in to play in the next week or two.
ALERT! Prices remain elevated on Round Slicing Tomatoes due to weather related challenges last month. Small size fruit is just starting to see some price relief. Expect tight supplies, possible elevated prices for the next 2 to 3 weeks. Prices for Roma Tomatoes are attractive right now compared to round tomatoes. Romas could be a great item to substitute for rounds until the market stabilizes. There are good supplies and pricing on Cherry Tomatoes and Grape Tomatoes right now. Production is steady.