MARKET UPDATE MAY 2-6, 2022

Good afternoon,

Offshore GRAPES are getting tight and prices are on the way up. We are in the very late stages of the import season, and most of the fruit is coming out of storage. It becomes critical late in the season to purchase quality fruit and avoid the low end buys, because this late in the deal, cheap pricing almost always equals poor quality.

GREEN PEPPER availability is slowing improving out of Florida. We are seeing increased production out of north Florida, helping to ease market pricing. We should see this market continue to soften next week and into May once Georgia starts.

CORN supplies are also improving here in the southeast. Shippers are flush with product ready to sell! Crates or tray packs are a great item to push in the coming weeks.

STRAWBERRY supplies are increasing out in California. Pricing on conventional strawberries is falling and projections point to healthy supplies for the Mother.s Day pull. Any time there is a lot of fruit around, some fruit ends up sitting for some extra time, waiting to be sold. While there is plenty of favorable pricing around, DRISCOLL.S is firm on their export price as crews are still going in early, picking export fruit a day or two before the CV fruit, and shipping out the fruit on a per order basis. The fruit isn.t the cheapest around, but it is far and away the best fruit for export business.

There are only a few weeks left on NAVEL ORAGNES. We will see decreased supplies for the next month on smaller fruit, due to the transition to VALENCIAS. Outlook on the new crop VALENCIAS looks to be positive so we expect a steady transition.

FLORIDA GRAPEFRUIT and TANGERINES are finished for the season. We have offshore MANDARINS if you are looking for sub for TANGERINES. GRAPEFRUIT is available out of California, but markets will be snug with Florida fruit finishing up.

It seems LIME pricing has been high for as long as we can remember. While pricing is still elevated, there are deals out there on small fruit, like 230ct and smaller. This is a good indication that markets should soften on 200ct and larger LIMES in the coming weeks.

California veg looks to continue its run of good supply into next week. BROCCOLI, CAULIFLOWER, LETTUCE and LEAF supplies are all moving along ahead of demand. There are some heavy winds in the west coast this week, but seasonal conditions are expected to return for the weekend.

PEARS are beginning to finish up out of Washington. Most of the fruit left is FANCY grade, sporting around a $10 increase. The good news is that Argentina and Chilean PEARS are popping up in the northeast and in south Florida. Offshore ANJOUS are in good supply while offshore BOSC pears are a bit slow to start.

More as it happens,

Parker Tannehill