ProduceIQ: Prices begin decline as new crops warm-up in the US

Fruits

Vegetables

United States

Published May 1, 2023

Tridge summary

Lots of insane weather in Florida and throughout the Southeast this past week. Heavy rain, golf ball-sized hail, severe wind, and even a few tornadoes in Palm Beach County caused damage to the homes, cars, and the remaining crops of producers in the state.Fortunately, Florida production is moving quickly to Georgia, and reported losses caused by the severe weather are relatively minor.

Original content

Overall industry-wide produce prices are down due to increasing production in the West, transitions into new spring crops, and lighter demand.Blue 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.ProduceIQ Index: $1.12/pound, down -7.4 percent over prior weekWeek #17, ending April 28thMother’s Day is still a few weeks out. The holiday tends to be one of the biggest of the year for foodservice. That’s because the last thing any wise spouse should ever do on that sacred day is make a big mess in the kitchen. Commodities such as strawberries, broccoli, and cucumbers are experiencing dramatic price reductions as growing regions fill production gaps.Undeterred by Chilean growers’ valiant attempts to salvage what is left of their export season, green and red grapes are at a ten-year high by a significant margin. At an average of $31, ...

Source: Producebluebook