Market Report Week of January 27
ON THE RADAR—Asparagus is going through a transition. The market continues remain tight 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. The CA market has begun to harvest 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.
No issues on the horizon with Banana supply. 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 has moved up some with weather causing harvest issues. Nothing major yet, but expect to see an increase in pricing leading into next week. Hopefully we will see some release towards the end of next week as weather improves. Plenty of Blueberry volume right now and quality is great. Prices are expected to stay steady next week. Raspberry supplies have significantly tightened up this week, but like blackberries, we hope to see the markets come off some as we see a better weather pattern and more consistent harvest schedules.
Broccoli supplies have improved this week. Growers are reporting better supplies with warmer weather in the growing area. Good quality is also been reported at this time.
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 we anticipate a more active market while the gap is bridged.
Cabbage production has been impacted and supply is short at the moment. Green Cabbage has rebounded some this week but Red Cabbage is still lagging behind. Moving into next week, supply should continue to rebound as long as weather cooperates.
ALERT! Cold weather has begun to affect Cauliflower harvests and frost has caused a small gap in the market. We plan for markets to remain escalated for another week.
Cantaloupe and Honeydew Melons 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 supplies continue to be very good with product coming from multiple regions. Growers are not reporting any quality concerns.
The freeze earlier this week put some pressure on Corn. Some growers are reporting harvest delays. Overall the cooler weather shouldn’t have much of an impact on supplies or cost at the moment.
The freeze did impact Cucumber supplies earlier this week. The growing region is still recovering from unusual rains earlier in the season. Growers are expecting prices to be elevated for another 2 to 3 weeks.
Eggplant pricing is facing some upward pressure this week; although supplies are expected to remain steady.
The Red Seedless Grape market is up on import product. Supply is limited but increasing. Growers have struggled to provide supply keeping markets up. Green Seedless Grapes are available but overall supply is limited.
Iceberg Lettuce supplies have improved this week. Good quality and improved weights are also being reported by growers. Romaine has rebounded and supplies have improved this week. The warmer weather has also helped quality; although some growers are still reporting occasional fringe burn. Market is expected to remain steady for next week.
ALERT! We’re seeing lower volumes on Red Leaf Lettuce. 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 weather conditions . Green Leaf supply and quality are in much better shape than red leaf.
EXTREME ALERT! Supplies are still tight and costs are still elevated on Arugula and Spinach items. The weather is expected to be favorable for growing over the next week. Supplies are expected to increase next week and going forward.
The Lime market was on the incline which is historically how the market trends in January. 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 continue to be flush with heavy supply. Very little fluctuation from last week. The season continues to be strong and the price gap between choice and fancy is small.
Overall the Onion market is slightly increased but nothing drastic at this point. The increase happens as pack houses take time off during the holiday breaks. As we move into February, we anticipate a steady market with a chance of slight increase. Red Onions remain steady while White Onions increased slightly. Jumbo Yellow Onions are up this week compared to last week. ALERT! Green Onion Scallion supplies have dropped due to lower temps 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 with warmer temperatures on the forecast. Overall supply has been hit and will remain escalated up through next week.
The CA and FL Orange markets are in solid supply and in good quality across the board. The choice is lower, while the fancy market is higher on larger fruitNo signs of immediate change in the orange market in the upcoming weeks.
Bell Peppers supplies are improving. Growers are reporting higher production. Pricing is moving down and quality is improving. 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.
Seeing the market shift some on Pineapples with smaller sizing fruit becoming more readily available. Market is still steady, but larger fruit is less abundant.
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! Supplies on Yellow and Green Squash is still running tight, although pricing is starting to come off a little. Weather in the growing regions has impacted the supplies and growers are reporting challenges with quality. They’re also expecting the market to remain the same for another week or two.
ON THE RADAR The temperatures recently got down below freezing in the Strawberry growing area. This lead to growers needing to water plants to avoid frost damage. With wet fields, little to no harvest happened last week and the downturn of supply continued. With very little fruit being harvested the outlook for growers is very limited. Warmer temperatures are in the forecast but there is also some possible rain this week. Depending on how wet the conditions are will factor in on how numbers shape up leading into the first week of February.
ALERT on 20lb 2 layers and 25lb pack Tomatoes
Round Slicing Tomatoes prices remain elevated due to weather related challenges out of multiple regions last month. One region experienced freezing temperatures earlier this week that impacted production too. Small size fruit is just starting to see some price relief. Expect tight supplies and elevated prices for the next 1 to 2 weeks.
Prices on 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 and Grape Tomatoes right now. Production from multiple regions is steady.