ProduceIQ: Back-to-school demand can’t stop softening produce prices in United States
Fresh Asparagus
Fresh Watermelon
Fresh Strawberry
Fresh Avocado
United States
Published Aug 2, 2022
Tridge summary
Summer break is ending, and back to school is just around the corner. For those with kids heading back to the classroom, it’s time to get in the last-minute doctor’s appointments and pick up school supplies. For the fresh produce industry, it’s time for cafeteria and lunchbox staples, such as snack-pack carrots and apples, to see an uptick in prices as increasing demand adds pressure to supply. Despite back-to-school demand, overall produce prices are on the decline.
Original content
Summer break is ending, and back to school is just around the corner. For those with kids heading back to the classroom, it’s time to get in the last-minute doctor’s appointments and pick up school supplies. For the fresh produce industry, it’s time for cafeteria and lunchbox staples, such as snack-pack carrots and apples, to see an uptick in prices as increasing demand adds pressure to supply.Despite back-to-school demand, overall produce prices are on the decline. As a result, the ProduceIQ index is continuing its downward trend for the third week. We anticipate this soft-declining trend to continue despite extreme heat that is challenging supply.ProduceIQ Index: $1.39 /pound, -2.1 percent over the prior weekWeek #30, ending July 29thBlue 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.Asparagus prices are leaping over ...
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