United States: Avocados resume, while berries ripe for promotion

Published 2022년 2월 21일

Tridge summary

The avocado industry experienced a roller coaster week following a suspension and reinstatement of imports, but sufficient inventory prevented any significant impact on U.S. markets. Meanwhile, the ProduceIQ Index reports that produce prices remain high, with asparagus prices increasing due to cooler weather in Mexico and cucumber markets on the rise as mid-winter production wanes. Meanwhile, lime prices remain at a ten-year high, and berry prices are favorable with high supply. The ProduceIQ Index is a fair benchmark for produce price performance, representing industry-wide shipping point prices for domestic produce and port prices for imported produce.

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

Original content

If it is true that “bad news is good news and no news is bad news,” then the avocado industry is doing just fine. Last week was quite a roller coaster for Avocados from Mexico.A week after airing a multi-million-dollar Super Bowl marketing campaign and the suspension of Mexican avocados imports, the USDA announced the reopening of U.S. markets to avocados.Given the uncertainty, many avocado shippers were in a wait-and-see mode, holding onto inventory that wasn’t committed. Sufficient inventory was on-hand last week, avoiding any significant impact on U.S. stores or restaurants.Since the USDA did not report market prices on Hass, which would have been unreliable anyway, our ProduceIQ Index for the week is similarly distorted. This week, buyers will replenish inventory and return to the insanely high avocado prices that everyone is growing accustomed to.Blue Book has teamed with ProduceIQ BB #:368175 to bring the ProduceIQ Index to its readers. The index provides a produce industry ...

Source: Producebluebook