U.S. lemon prices to increase on rising fertilizer costs, global production to gain 4% YoY in 2022

IndexBox has just published a new report: ‘World – Lemons And Limes – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings. Driven by growing logistics and fertilizer costs, lemon prices in the U.S. will rise despite expected increases in domestic and global production. In 2022, worldwide lemon and lime output is forecast to grow by 4% y/y to a record 22M tonnes due to increased acreages and favourable weather in Mexico, Turkey, South Africa and the U.S. Lemon prices in the U.S. are projected to grow, despite expected increases in domestic and global production. Rising logistics and fertilizer costs are to push up fruit prices. In December 2021, the monthly average retail price for a pound of lemons in the U.S. was estimated at approximately $2.014, rising by 6% compared to December 2020. In 2022, it is forecast to pick up 3% to $2.074 per pound. Related Content: This year, global lemon and lime production is projected to increase ...