MARKET UPDATE July 25-29, 2022

Good afternoon,

CABBAGE and other EASTERN VEG staples should see better supplies in the coming weeks. With Michigan and New York adding availability, we will have a more centralized supply and less scattered market. GREEN PEPPER and CORN have been incredibly tight and look to continue that trend through next week.

CHERRY season is in full swing for the next few weeks! If you have not already, look to take advantage of peak season on CHERRIES. The season will continue through August, but supplies may only be strong enough for export for another two or three weeks.

RED, ORANGE, and YELLOW BELL PEPPER out of Mexico continue to fall short of demand. Overcast skies have prevented the PEPPERS from maturing to full color and size. We expected this market to fall a few weeks ago but mother nature has yet to yield the appropriate conditions for supplies to improve.

BLUEBERRY supplies are incredibly tight. MICHIGAN BLUES have yet to provide any significant volume, so the market is set based on limited Mexican supplies. We will continue to see high blueberry pricing until MICHIGAN and PERUVIAN supplies improve.

CALABAZA arrivals in Miami are few and far between. We expect markets to remain tight next week and will hopefully see better availability and lower pricing the first week of August.

PINEAPPLLE supplies are declining out of Central America as farms are entering gaps in production. Sizing is starting to lean towards smaller fruit. Imports from Guatemala, Honduras, and Mexico decreased sharply this week by 81% compared to last. On the bright side, vessels have been running on schedule and importers have not experienced any delays in getting their fruit off the ships.

We are facing a similar situation in the ASPARAGUS market. With the Springtime domestic season over, and the peak of Mexico.s production in the rear view mirror, consumers are relying heavily on Peruvian production at a time when growing regions are transitioning to the north. Peru has also been experiencing unseasonably cold weather which has caused a sharp decline in volume, especially in larger sizes. Expect things to remain a bit tight through the end of August.

More as it happens,

Parker Tannehill