ProduceIQ: Markets in United States soften post-Thanksgiving, yet remain at record highs

Published Dec 12, 2022

Tridge summary

Produce prices are experiencing a decrease with strawberries leading the way, dropping 16% after hitting record highs. However, unseasonable weather in the West could impact strawberry supplies ahead of Christmas. Celery prices are surging due to finishing production in Salinas and lower-than-expected volumes in Oxnard, with Mexico expected to increase demand and prices. Tomato prices are seeing a decline for the first time in ten weeks, but it may take longer for the usual price drops to occur. Sweet-corn prices are rising due to the aftermath of Hurricane Ian, and cucumber markets are facing supply issues leading to price increases. The ProduceIQ Index is a shipping point price index that provides an industry benchmark for produce prices.

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

Original content

Despite the blizzard warnings in effect for many places in the U.S. this week, we still have a little more time until the first official day of winter. Overall, produce prices are softening as heavy-weight commodities, such as berries, decrease in price.For the first time in what feels like eons, strawberry prices are down over the previous week. Strawberries fell -16 percent after reaching record highs.Don’t hold your breath. More unseasonable weather is forecasted for the West early this week. It may prove threatening to the hopes of buyers looking to score some reasonably priced strawberries in time for Christmas.ProduceIQ Index: $1.24 /pound, down -4.6 percent over prior weekWeek #49, ending December 9thBlue 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.Celery markets are tightening up drastically. Salinas, CA, is ...

Source: Producebluebook