US: Eastern produce markets transition to Georgia

Published 2023년 5월 8일

Tridge summary

Green beans are experiencing a significant price increase on both coasts of the United States, reaching a ten-year high of $1.07 per pound, due to high demand, low supply, and adverse weather conditions in Florida and the Southeast. This situation is causing market volatility and availability issues, with prices expected to remain high through May and June. Other produce, such as bell peppers and grapes, are also seeing price hikes. In contrast, strawberry markets are well-prepared for Mother's Day, offering good quality and availability. The ProduceIQ Index is a price benchmark for the produce industry, tracking the prices of 40 top commodities to provide industry performance insights.

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

Original content

Big news this week. Green beans are extremely tight on both coasts, and prices are being pushed to a ten-year high. The Mother’s Day pull is keeping the demand up.Did you think we were going to write the same intro that’s in every other Monday newsletter?ProduceIQ Index: $1.07/pound, up -4.5 percent over prior weekWeek #18, ending May 5thBlue Book has teamed with ProduceIQ BB #:368175 to bring the ProduceIQ Index to its readers. The index provides a produce industry price benchmark using 40 top commodities to provide data for decision making.This is a post-coronation edition, after all, and we are not above attempting to incorporate the peripheral headlines. Especially the ones about all the really old and extremely rich dudes that are saturating trending charts, all in the name of SEO, of course. (Looking at you, King Charles the III, and the capitalist equivalent of royalty: Warren Buffet and Charlie Munger)But At $34, bean prices are the only kings that have us concerned this ...

Source: Producebluebook