Agronometrics in graphics: 10 fruits that stood out in 2023 in the US

Published 2024년 1월 11일

Tridge summary

In 2023, extreme weather events and climate change had a significant impact on the fresh produce sector in the United States, leading to changes in pricing and production volumes for products like blueberries, avocados, and grapes. The year also saw a decline in overall inflation in the U.S. economy, which is expected to continue into 2024 and may result in a reduction in interest rates. Despite challenges, the avocado and grape industries anticipate continued prosperity in terms of exports to the United States, while the blueberry market experienced fluctuations in volumes and prices due to weather-related issues in Peru and Chile.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In this installment of the “Agronometrics in Charts” series, Sarah Ilyas reviews the top ten fresh produce of 2023 on the US market. Each week, the series looks at a different horticultural product, focusing on a specific origin or theme and visualizing the market factors driving change. In 2023, the world suffered catastrophic flooding in 10 countries in 12 days, the highest ocean temperatures ever recorded, heat waves that scorched the entire northern hemisphere, and the worst drought in 40 years in the Horn of Africa. 2023 was the year when climate change became even more undeniable. The year saw a significant decline in inflation in the overall economy. The somewhat atypical inflation figures are expected to lead to a decline in interest rates in 2024, facilitating the long-awaited "soft landing" of the US economy. At the end of 2023, the USDA forecast grocery inflation of 5.2%, below the 11.4% recorded in 2022, but still above the 3.5% levels seen in both 2021 and 2020. ...

Source: MXfruit