MARKET UPDATE WEEK # 43

Good Afternoon,

Our dear friends in Southern California have been plagued by wildfires over this past week. Neighborhoods have been evacuated as the flames have accelerated due to winds over 40mph. As of today, a cooler system has helped rescue teams control some of the fires, but the situation is still active. Perishables have yet to be significantly affected but it is something to keep an eye on.

KIWI markets are dropping like a rock. The new crop fruit out of ITALY and CALIFORNIA is very firm so look out below! After a two-week gap, supplies have picked up out of both major growing regions and we are seeing tons of fruit make landfall in the US. Prices are moving down quickly!

CELERY markets are on the rise. We are seeing changes on both the supply and the demand of this commodity. Supplies are finishing up out of CANADA, where they only have large sizing around 24ct. Demand is also on the move as the retailers in the US prepare for Thanksgiving. California markets are only up a few bucks; however, compared to the Canadian prices we were working with, it will be a substantial increase.

STONE FRUIT is finished now except for ANGELINO PLUMS. Some suppliers will have inventory on PEACHES, but fresh harvests are done for the season. Chilean harvests will begin in around a month or so.

We are anxiously awaiting CHERRIES. Imports were due to arrive this week, but we are seeing several delays in the shipping process. We are doing our best to secure some fresh cherries for next week.

LIMES are getting scarce. Crossings out of Mexico are significantly decreasing over the next few weeks. Rains have delayed harvests and set growers way behind schedule. Some outlooks have this market getting stronger over the next month due to short supplies, while others show an increase in supply and level pricing. Only time will tell but the one sure thing is that LIME markets will be ACTIVE at least over the next two weeks.

ROMAINE markets are still very active. Supplies on romaine have not been able to keep up with demand. There are speculations of LETTUCE prices going back up next week but that is yet to be seen. Production out of HURON has been of good quality, but the real test will be to see what YUMA has to offer. Starting around the second week of November, we will transition over to Arizona and get ready for the winter crop!

More as it happens,

Parker Tannehill