Exhausted produce buyers in the United States are ready for a Thanksgiving meal

Published 2021년 11월 22일

Tridge summary

The article highlights the unprecedented challenges faced by the produce market post-Thanksgiving due to factors like truck shortages, inflation, and COVID-19's impact on demand. It notes significant price fluctuations for various commodities, with lime supply hitting a ten-year high at $1.02/pound despite a 1.9% decrease from the previous week. Asparagus, green beans, and sweet corn prices remain high, whereas lettuce and leaf prices are dropping as production increases in Arizona. Broccoli prices have surged by 56% due to quality issues and limited supply, promising to continue this trend. The ProduceIQ Index is introduced as a fair benchmark for tracking industry price performance, covering 40 top commodities and providing a reliable source of pricing information for the produce market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Like so many of us who enjoy a good nap after our Thanksgiving meal, produce markets tend to nod off immediately after the festivities. With plenty of leftovers in the average refrigerator, retail slumps faster than you can say tryptophan. Nevertheless, this year is anything but normal. With major truck shortages coming into the holiday season, significant cost inflation, and uncertain demand during our covid-recovering economy, future prices are that much harder to forecast.Mexico’s fall transition and Nogales’ burgeoning winter season is lining up ominously with national leftovers day. Brace for a dip in prices. Importers will be working hard to prevent the fresh produce Thanksgiving snooze from turning into a full-blown coma.Up +21 percent over the previous week, lime supply continues to dwindle. Labor issues are causing too few crossings, exasperating an already lean supply. Week #46 prices are at a ten-year high and are signaling that the upward trend may continue through the ...

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