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WHAT YOU NEED TO KNOW THIS WEEK
Overview:
Florida commodities continue to struggle and are expected to do so for the remainder of the year, although there is some goodnews as we see improving availability on squash, cucumbers, and green bells. The entire tomato and mixed vegetable category crossing through Otay remains short due to weather impacts and virus.Round tomato production out of Mainland Mexico and Florida continues to be short. In Mexico, a rapid decline to critically low availability is driving prices higher. Florida continues to deal with the impacts of Hurricane Ian, but we are about 10 days away from newer product which we hope will ease the lack of inventory. At this time, round tomatoes in all growing regions are expected to be extremely short and elevated through the end of the year. The hot pepper markets we are seeing extreme pricing with shortages expected to continue on Serrrano and Anahiem peppers due to cold weather impacting the growing regions in Mexico. Along with being significantly ahead of schedule on all crops, cool weather has slowed crop growth in the fields causing gaps or harvest limitations.
