News and Stories
UPDATE SUMMARY: Week of January 25, 2016
January 28, 2016
Rain and cold temperatures in Florida have tightened bell pepper, cucumber, squash, and tomato supplies; prices are elevated. Ready-Set-Serve (RSS) Celery items decreased to second-tier trigger levels, effective January 28; supplies are increasing as production in the desert growing region ramps up. RSS Green Onion prices returned to normal levels, effective January 28; ideal growing conditions are promoting growth. Prices are expected to inch down through next week.
Bell Peppers, Cucumbers, and Squash
- Improved weather in Southern Mexico has increased supplies and will slowly ease prices
- Rain in Florida has slowed harvests; cool temperatures continue to stunt plant growth
- Prices are elevated, especially those for yellow squash
- Expect shortened shelf-life and quality issues such as bruising and stem decay in bell peppers and light color and scarring in cucumbers and squash
- Prices may rebound next week as Northeast demand returns to typical levels
Melons
- Offshore cantaloupe and honeydew stocks are increasing on both coasts; Mexican supplies are limited
- Prices are stabilizing
- Weather-related issues, including scarring and discoloration, will become less apparent
- Expect melons with sweet flavor
- Sugar levels range from 10 to 13 Brix
- Mexican stocks will become more plentiful by mid-February
RSS Celery Trigger Levels
- Effective January 28, prices for RSS Celery items decreased to second-tier trigger levels
- Volume is rising; production is increasing in the desert growing region
- Expect markets to continue easing over the next 7 to 10 days
RSS Green Onion Triggers
- Effective January 28, prices for RSS Green Onions returned to normal levels
- Supplies are increasing; ideal growing conditions are promoting growth
- Industry supplies will continue to increase over the next several weeks
- Expect prices to inch down through next week
Tomatoes
- Florida yields will be low through February as rainy weather persists; supplies will continue to increase from Mexico, but demand will keep prices strong
- The market will remain elevated for several more weeks
- Florida plants are damaged from persistent weather issues; high winds are causing bloom drop which will prolong shortages
- Quality is excellent in Mexico
- Expect tight Florida supplies through February
Weather in the Desert Growing Region
- Rain and gusty winds are expected to hit the Arizona/California growing region this Sunday, January 31 through Monday, February 1, dropping between .10” and .30” of rain
- Freezing temperatures are also forecast to hit Tuesday, February 2 and Wednesday, February 3
- Some rain and freeze-related quality issues may develop, depending on the severity of the storms
- Markets are expected to rise; supplies will tighten by the middle of next week
Please contact your Markon customer service representative for more information.
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