US: Weather extremes rock growers across the Americas, yet produce prices hold steady

Published 2024년 5월 13일

Tridge summary

Despite extreme weather conditions, including heat, hail, rain, drought, wind, and cold, across the Americas in the past week, produce prices remain near average for week #19, with a full spring supply. However, historic flooding in Rio Grande do Sul, Brazil, is expected to impact grain supply. Ten Mexican cities experienced record-breaking temperatures, but no significant crop losses have been reported yet. As summer approaches, orange prices are expected to continue to increase due to smaller fruit sizes. Meanwhile, mango prices are falling after reaching a ten-year high. The ProduceIQ Index is a shipping point price index that provides 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, using 40 top commodities to represent the industry.

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

Original content

2024 is setting records for extreme weather events. In the past week, growers across the Americas have been affected by intense heat, hail, rain, drought, wind, and cold.One might assume overall produce prices must be in shambles, but by some miracle, index prices are near average for week #19, and Spring supply is in full bloom.Historic flooding in Rio Grande do Sul, Brazil, won’t affect U.S. fresh produce markets, although grain supply will almost certainly suffer significant losses. Produce markets at a local level are disrupted as Brazilian growers grapple with the fallout from these devastating floods.Over the weekend, ten Mexican cities registered record-breaking temperatures. Because of the widespread nature of the heat wave, various crops, including oranges, blueberries, bell peppers, and asparagus, sweltered in the unparalleled heat. Nevertheless, no significant crop losses have been reported yet. The unseasonably warm weather could provide some upward momentum to ...

Source: Producebluebook