MARKET UPDATE JUNE 7-11, 2021

Good afternoon,

Crops are moving up the East coast into Georgia, signaling summer is only a few weeks away. As temperatures rise, we have seen an increase in thunderstorms on the Eastern Seaboard. New crops should be in tip top shape, but the Georgia rains of the past few weeks may lead to some over watering issues for commodities like SQUASH and CUCUMBERS.

Nothing says summer like STONE FRUIT from California. Shippers are getting product moving, packing up 2lb CLAMSHELL PEACHES, NECTARINES, and PLUMS! Order early to make sure you get clamshell stone fruit on the shelves next week.

This week marks the start of Washington Cherries. California cherries were a crop not to be desired this year, but we should expect much better out of Washington. Any early crop CHERRY is a gamble when it comes to sweetness, but the Washington fruit should outshine the California cherries on day one. CLAMSHELL CHERRIES out of Washington available to ship next week!

GRAPE supplies are picking up in California and Mexico. With additional supplies and harvesting getting up to speed, we should see prices continue to fall back to a more competitive range.

LIME crossings out of Mexico have picked up this week. Pricing is starting to come off on sizes 175 and smaller. We expect this trend to continue into the coming weeks.

FREIGHT RATES are on the constant rise and look to remain on this trend through the Fourth of July. Rising fuel costs and an industry wide driver shortage have pushed up costs over 20% in just the last few months. It seems that due to rising inflation concerns paired with the problems just mentioned, we could be seeing a transportation market with entirely new price floors after the holiday.

LETTUCE, ROMAINE, CAULIFLOWER, and BROCCOLI continue to produce great numbers in Northern California. Favorable growing conditions have left farms abound with supply, leading to competitive market conditions. It still looks like we may see a slight warming trend into next week, but all signs point to another week of good supply.

More as it happens,

Parker Tannehill