MARKET UPDATE APR 25-29, 2022

Good afternoon,

AVOCADO supplies look to remain tight next week. GREEN SKINS out of the Dominican Republic are limited around South Florida and Mexican HASS AVOCADOS are extremely tight. Seasonably light production, reduced labor due to holy week, and the bottle neck at the border are all pushing up prices on AVOCADOS.

STONE FRUIT season is ending out of Chile. There are some peaches and possibly nectarines kicking around, but quality has been less than acceptable for export. BLACK PLUMS will be the best bet for quality fruit moving forward until California starts.

CHERRIES out of northern California are expected to start next week. California CHERRIES are short lived and more of a bridge to Washington supplies than an actual season. Our excitement over cherries may be squandered early on as production reports out of Washington indicate extremely short supplies due to severe hail and windstorms during the growing season. Once we get into May, we will have a much better idea on quality and availability.

BROCCOLI, LETTUCE, ROMAINE, and CAULIFLOWER are off to a healthy start in California. Showers are expected late this week as seasonable conditions are set to return for the weekend. It looks like healthy supplies and competitive markets are to be expected for another few weeks.

ASPARAGUS supplies are transitioning in Mexico. For the next few weeks, we will see limited availability and higher pricing until growers get settled in the southern Baja growing region.

WATERMELON harvesting has FINALLY started in Florida. It has been a tough month or so for WATERMELON as availability has been incredibly scarce. Florida production will allow us to see availability and pricing improve over the next few weeks.

CABBAGE supplies are beginning to finish up in Florida. Supplies look strong in Georgia, a nice break from the last few years, but we will see pricing move slightly higher due to higher transportation costs.

Reduced labor form holy week is not limited to Mexico, it is also causing some difficulties in Guatemala. SNAP PEA supplies are looking tight for at least another week or so.

EGG markets have been sky high for a few weeks now. Avian flu and the Easter holiday both have taken their toll on EGG supplies. The market is showing signs of relief this week and although it may be a slow change, we expect that trend to continue moving forward.

More as it happens,

Parker Tannehill