Persian Lime Prices Dropped in W4 as Cold Weather Disrupted Market Flow in the US

The Persian Lime season is beginning in key regions of Mexico, such as Veracruz, Michoacan, and Jalisco. However, cold temperatures below -40 in major United States (US) cities during W4 disrupted market fluency by closing roads, leading to high inventories and declining prices. Prices for a 40-pound (lb) box of limes FOB McAllen ranged from USD 27.5 to 30.5 for all calibers during W4. The expectation is that the trend for this product will stabilize as the freight situation in the US returns to normal.