ProduceIQ: Stressed supply responds with high prices in the US

Published 2021년 9월 27일

Tridge summary

The ProduceIQ Index report for week #38, ending September 24th, provides an overview of the current market prices and trends for various fresh produce items in the United States. The report highlights price increases in several commodities such as dry onions, pears, tomatoes, asparagus, broccoli, and cauliflower, due to factors like hot weather, supply chain issues, and logistic challenges. On the other hand, some commodities like sweet potatoes and asparagus are experiencing high prices due to reduced supply. The ProduceIQ Index is a comprehensive benchmark that provides insight into the fresh produce industry's price performance, helping stakeholders to understand the market trends and make informed decisions.

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

Original content

Week #38, ending September 24thProduceIQ Index: $1.13/pound, -0.9 percent over prior weekDry Onions are at a ten-year high for week #38. One of the more predictable commodities in the ProduceIQ index, onions are fighting stereotypes with a zest of volatility.Strained markets, aggravated by lower yields from a hot summer and a myriad of inflation-related supply chain issues, force growers to taper back current sales to store up enough crop when yields are low. Current season sizes are running small in both yellow and red onions. Expect domestic supply to remain tight throughout the fall/winter season.Domestic Pear Season is in full swing. Volume out of the Pacific Northwest is increasing and will continue throughout October. Though current season yields are decent, they are not high enough to prevent high prices. As a result, the pear index is trading at $0.82 per pound, only surpassed once in the last ten years by 2020 prices.Both Western and Eastern tomato supplies are stretched ...

Source: Producebluebook