Tridge summary
The Southern Exposure event by SEPC saw a strong turnout in Orlando, with the produce industry recovering from COVID impacts. Despite cold weather challenges, particularly in the West, affecting some markets like lettuce and yellow squash, the supply generally meets demand and prices remain stable. However, an increase in pepper prices is expected due to low supply, with relief anticipated in late March or early April with the spring crop. Celery, cauliflower, and broccoli prices have also risen due to low supply and expected to improve with better weather. Rain in California is affecting the start of the western strawberry season, but prices are currently only slightly up due to strong supply from Florida. Mexican asparagus growers are experiencing lower prices after record-highs, indicating Western growers have avoided the worst damage. The ProduceIQ Index is a fair benchmark for industry price performance, tracking industry-wide pricing at shipping points for domestic produce and ports for imported produce.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
SEPC’s Southern Exposure boomed once again. The days of COVID shutdown are seemingly a distant memory as several thousand movers and shakers in the industry embarked on Orlando for a few action-packed days. Hundreds of those with the highly sought red (retail) or blue (food service) name tags mingled on Saturday afternoon’s expo floor.Western iceberg and romaine markets suffer from the cold, but lettuce prices remain unaffected. However, growers are reporting cold-related injuries such as blisters, peeling, and pink ribbing. The current lettuce supply is sufficient to meet demand; however, as the production in the Arizona desert wanes, prices will likely spike sometime in the next few weeks before settling again.ProduceIQ Index: $0.98/pound, down -6.7 percent over prior weekWeek #9, ending March 3rdBlue 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 ...
Source: Producebluebook
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