ProduceIQ: Produce markets in the US prepare for Cinco de Mayo

Published 2024년 4월 22일

Tridge summary

The article discusses a slight decrease in produce prices, with the ProduceIQ Index falling to $1.28/pound, a 2.3% drop from the previous week. This change is attributed to the onset of the blueberry season in Georgia and increased produce volumes from Mexico and Florida. Specific trends noted include a decrease in Hass avocado yields from Mexico, causing a scarcity of larger fruits and a slight price increase, while heavy rains have led to higher iceberg and romaine lettuce prices due to disease pressures. Pear prices are on a downward trend after reaching record highs, and yellow squash supplies remain limited. The ProduceIQ Index is highlighted as a key industry benchmark, with a recommendation for stakeholders to utilize ProduceIQ's online tools for market insights.

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

Original content

Overall produce prices stick to the status quo. Prices are down -2 percent over the previous week, which aligns with previous trends for week #16.The beginning of blueberry season for Georgia growers and an upturn in volume from growers in Mexico and Florida helped ease index prices.Stay tuned for more insights into produce market trends as warm weather increases domestic supply and decreases prices.ProduceIQ Index: $1.28/pound, down -2.3 percent over prior week Week #16, ending April 19thBlue 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.It’s that time of year again when every know-it-all needs to remind us that Cinco de Mayo isn’t Mexican Independence Day and is only greatly celebrated in the U.S.And if you need a response, you can kindly remind them that good-humored acculturation in the name of tacos, guacamole, and ...

Source: Producebluebook