US: Spring showers now affecting East Coast harvests

Published 2023년 4월 24일

Tridge summary

Florida's anticipated rainy weather and a decrease in Mexican tomato supply have led to a significant 20% increase in tomato prices, affecting round, plum, and grape types. The ProduceIQ Index reports a slight increase in produce prices, with onion markets experiencing a 13% rise due to reduced supplies from Texas and the Northwest. Broccoli, cauliflower, and yellow squash markets are also experiencing price hikes because of climate conditions and supply challenges. However, strawberry prices are showing signs of improvement, having decreased by 16% due to increased volume from Southern California. The ProduceIQ Index monitors these price trends to provide a benchmark for the produce industry.

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

Original content

More wet Southeast weather is in the forecast this week—welcome news for drought-weary Florida, but not as joyful news for tomato lovers. Showers are forecasted to barrel through the state beginning Monday afternoon and continue through the week. Blue 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.ProduceIQ Index: $1.21/pound, up -0.8 percent over prior weekWeek #16, ending April 21stRain in Florida and declining Mexican supply are spiking tomato prices. Round, plum, and grape-type tomatoes are all up an average of +20 percent over the previous week. Mexican supply is following its annual Spring decline in export volume.Currently, tomato prices are on the lower end of the historical spectrum but could change rapidly as weather events intensify supply challenges. Supply for all varieties will likely remain tight over the next ...

Source: Producebluebook