US: Asparagus, watermelon prices high, avocados low

Published 2022년 8월 2일

Tridge summary

Poor growing conditions and shipping delays have led to a significant increase in the prices of produce, particularly asparagus, which has seen a 20% rise in the past week and is approaching the high prices of 2013 and 2017. The situation is due to port delays in Peru and harsh weather in Mexico, which are impacting asparagus supply. Watermelon prices are also increasing due to poor growing conditions, although avocado prices are currently at their lowest since December 2021, with a solid supply from Mexico and Peru, but this is expected to change when Peru's export season ends in late August.

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

Original content

Poor growing conditions and shipping delays continue to affect produce prices. Take asparagus for example: Average FOB prices are currently 20 percent higher than the previous week. At more than $31, asparagus prices are closing in on the extreme levels of 2013 and 2017. According to Mark Campbell, founder and CEO of ProduceIQ, port delays in Peru and colder temperatures are affecting that country's supply, while too little rain and heat in Mexico are firing up asparagus prices. He added that central Mexico's growing season is winding down, and crop production is transitioning to the northern Baja region. “This time of year, Mexico's asparagus production is considerably lower; however, it still accounts for approximately 50 percent of all available product in the United States,” said Campbell. “Therefore, expect prices to escalate through early August as supply fluctuates.” Poor growing conditions and challenging weather are causing watermelon prices to soar. In the summer, ...

Source: Theproducenews