News and Stories
UPDATE SUMMARY: WEEK OF SEPTEMBER 18, 2017
September 21, 2017
Avocados
- The seasons in California and Peru have ended; Chilean fruit is now on the market and will ship through February 2018
- The Mexican summer crop has finished and the fall crop is ramping up; size is dominated by 48- and 60-count fruit
- Supplies are predominantly No. 1 grade; No. 2 fruit will be limited at the beginning of the season
- Prices will ease by next week when supplies increase
Broccoli
- Heat in the Salinas Valley and rain in Mexico continue to decrease yields; Expect a demand-exceeds-supply market through the end of the Salinas season
- Markon First Crop (MFC) Broccoli Crowns are sporadic; Markon Best Available (MBA) and packer label are being substituted as necessary
- Commodity and value-added packs may exhibit decreased shelf-life over the next several weeks
- Prices remain elevated; second-tier trigger levels may be met by next week
Cilantro
- Prices are easing, but overall quality remains fair and shelf-life concerns persist
- Ready-Set-Serve Washed & Trimmed Cilantro is sporadic due to erratic quality; packer label will be substituted as needed
- Favorable growing conditions are returning to California’s Ventura County and Salinas growing regions; supplies are increasing
- Rain in Mexico’s Mexicali growing region continues to present quality challenges
Green Leaf, Iceberg, and Romaine
- Supplies are tightening; prices will start climbing next week
- MFC Premium Green Leaf, Iceberg, and Romaine are sporadic; MBA will be substituted as necessary
- This week’s lower temperatures will slow plant growth in the Salinas Valley; high temperatures earlier this month have caused quality problems and reduced yields
- Regionally grown stocks will decline over the next several weeks, shifting demand back to the West Coast
Green Onions
- The market continues to escalate due to tight supplies
- Prices have reached second-tier contract trigger levels
- Warmer-than-normal temperatures in Mexico’s Mexicali Valley during late June affected young plants, causing the current dramatic reduction in yields
- Prices are expected to remain elevated through September
Hurricane Maria
- The storm is expected to strengthen as it moves west towards the eastern U.S.
- Much of the southeast vegetable region is reeling from the impact of Hurricane Irma
- Additional rain and high wind speeds could further disrupt production
- Any potential U.S. landfall would take place early next week
Oranges
- MFC and Markon Essentials Valencia Oranges are extremely limited; packer label supplies are being substituted as needed
- Very few 48-, 56-, and 72-count Valencias will remain on the market through mid-October; small sizes will not increase until the California Navel season begins the week of October 16
- The Texas season is getting a slow start; supplies will remain very tight for the next two weeks
- The market is elevated in all regions; current prices for small sizes are reaching all-time highs
Please contact your Markon customer service representative for more information.
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