Trendspotting in the US: Potatoes up, tomatoes down

Published 2023년 6월 7일

Tridge summary

The Russet potato market is experiencing a significant increase in prices, with a 60 percent rise compared to previous years, due to a decline in production for the fourth year in a row. This increase in prices is attributed to a rise in demand for potatoes, particularly for processing purposes. In contrast, the prices of tomatoes and grapes are decreasing, with round-type tomatoes down 12 percent and plums/Romas down 15 percent. Brussels sprouts prices are at their second highest in the last 10 years due to fading Mexican production, a slow start in California, and quality issues in the Mexican crop. However, it is expected that supplies will increase and prices will decrease in the next week.

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

Original content

The Russet potato market continues to be 60 percent higher ($28 for an 80-count) than prior years. Growers report that potato production has declined again for the fourth year. “While supply has consistently flagged due to various factors, demand for potatoes (most notably processing potatoes) is swelling,” said Mark Campbell, founder and CEO of ProduceIQ. “As a result, all categories of potatoes have experienced supply challenges.” Conversely, tomato prices are on down. According to ProduceIQ, the round-type is down 12 percent, and plums/Romas are down 15 percent compare to the previous week. “Suppliers are projecting elevated markets (compared to the average price) through mid-June,” said Campbell, “but, with so many local players joining the market in summer-soaked North America, the data doesn’t always reflect what buyers may be able to find in their region.” Average grape prices are down 14 percent compared to the previous week, and Campbell expects prices to continue to ...

Source: Theproducenews