United States: Supply shortages drive prices higher according to ProduceIQ

Published 2021년 3월 29일

Tridge summary

Prices in the agricultural industry have seen a significant increase, with corn prices experiencing a surge of 28 percent due to low supply and rising demand. The ProduceIQ Index, which tracks prices of 40 top commodities, stands at $1.07 per pound, marking a 7 percent increase over the previous week. Other produce such as bell peppers, cucumbers, and strawberries have also seen price hikes, while cantaloupe prices have fallen by 10 percent. Cauliflower prices have been volatile, dropping by 22 percent but expected to rebound. The ProduceIQ Index is calculated based on the industry-wide price per pound at the location of packing for domestic produce and at the port of U.S. entry for imported produce.

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

Original content

Prices are on the upswing, climbing another 7 percent on an industry-wide basis.Momentum continues to build as temperatures rise and foodservice demand heats up. Corn prices are driving further than any of the golf balls at Viva Fresh.Viva Fresh in Dallas March 26-27 almost felt like ‘business as usual’. Industry members, mostly growers and shippers, took a breath of fresh air after a year of business unusual. Though several buyers (mostly Texans) attended, corporate policies prevented many produce buyers from air travel to the expo.Industry representatives were optimistic and energized, nonetheless.ProduceIQ Index: $1.07 /pound, +7 percent over prior week (Week #12, ending March 26th)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.Sweet corn is up 28 percent on low supply, and growers trying to push it to the mid $30s. ...

Source: Producebluebook