MARKET UPDATE NOV 23-29, 2020

Good Afternoon,

What was supposed to be a strong APPLE and PEAR season has turned into a difficult one. The USDA's FFFB program has done a great job of buying up tons of small size fruit, raising on bagged apples

and pears. DEMAND on LARGE size fruit is up due to the influx of shoppers in the retail sector. Even with favorable weather this is a tough ask for growers, and that has not been the case. Just over

a month ago we saw severe hailstorms that significantly reduced apple supplies.

GARLIC prices have been slowly climbing the last few weeks. SPANISH and CHINESE supplies represent the majority of what is available. We have a line on some PURPLE GARLIC out of Argentina for next

week that should offer some relief on pricing and give you an advantage over your competition! 

FREIGHT COST is a pain in the you know what this week. Thanksgiving is keeping some drivers off the road which has driven down supply on one of the highest demand weeks of the year. Trucks out of

California and Washington are pushing $10,000 per load. Our hope is that pricing comes down after the holiday, but we will have to wait and see. 

BROCCOLI and CAULIFLOWER markets continue to be strong. Low yields out of California and Arizona are to blame as the Ca season is winding down and Az season is just getting started. 

We are nearing the end of domestic GRAPE supplies. IMPORT volumes look to be sufficient which should help us hold on to a steady transition. GLOBES will most likely gap and while RED and GREEN

seedless should come on first. 

LETTUCE and LEAF markets remain high. The holiday is always a big shot of demand, and we are also seeing supplies slowly develop in YUMA. If current weather patterns hold, we should see some much

better supply in the next two weeks out of Arizona.

Domestic STONE FRUIT will be wiped out completely this week and done for the season. CHILEAN PEACHES and PLUMS will be available sometime in December, but we will gap until then. The good news is,

CHERRIES have arrived! Keep your eyes out for BROOKS and RAINIER varieties next week, and maybe some Florida Strawberries...

More as it happens,

Parker Tannehill