United States: Fresh produce markets soar with March Madness
Fruits
Vegetables
United States
Published Mar 22, 2022
Tridge summary
What do fresh produce markets and college basketball have in common? They’re both impossible to predict in March. Like skyrocketing lime prices and a 15-seed team that knocks out a 2-seed team in the first round, some things are unpredictable.
Original content
Lime prices aren’t budging. Mexican production is still low, with cooler, rainy weather crushing any immediate hope for relief. Moreover, Mexican lime’s new production season is just beginning. Smaller sizes are available in a light way, but larger-sized fruit has all but disappeared. As a result, yields are forecasted to stay low until the end of April.A variety of factors are contributing to lime’s historic 2022 prices. Some influences such as poor weather, lower yields, and increasing production costs are shared with the rest of the produce industry. However, limes are among a smaller, ill-fated circle of commodities that are uniquely impacted by cartel violence in and around Michoacán, Mexico.Besides short-term disruptions to supply and higher costs for growers, organized crime in production areas causes much more sinister long-term effects than typical price influencers. For example, the overall decreasing production of limes due to the displacement of families, and general ...
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