The price of asparagus in the US ends 2023 with an increase of 37%

Published 2024년 1월 9일

Tridge summary

Asparagus prices in the US increased by 37% in week 51 of 2023 due to adverse weather conditions affecting both Mexican and Peruvian supply. El Niño conditions in Peru have led to temperature swings and a 20% decrease in supply compared to the previous year. Despite the challenges, consumer demand for asparagus remains high, and Peru's supply is expected to gain momentum in the coming weeks as Mexican supply decreases.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The US market recorded a 37% increase in asparagus prices during week 51 of 2023. The product from Mexico is being affected by adverse weather conditions, marked by heavy rains and cool temperatures, aggravated by a succession of cold fronts in Baja California. At the same time, Peruvian asparagus supply faces similar problems due to unfavorable growing conditions. In week 50, prices stood at US$6.02 /kg, 44% higher than in 2022. The prevailing El Niño conditions have caused temperature swings, posing a special challenge for producers and transporters in Peru. Peru's asparagus supply is approximately 20% lower than a year ago. Carlos Solf, purchasing director of Southern Specialties, explains that Peru is currently closing its southern growing areas in Ica, while it is starting operations in the northern regions, specifically in Trujillo. Consumer demand for asparagus remains high, with consumers incorporating asparagus into their ...
Source: MXfruit

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