Market Report July 18th, 2022

This Weeks Market Updates

We are seeing a lot of weather-related pressure delaying production along the eastern seaboard which is impacting yield and lighter fruit across all categories this week. Cucumber volume continues to improve as growers break fields in Michigan and New Jersey.
Bananas are expected to remain short through the second week of August. Pineapple volume is currently down as part of the natural harvest cycle. Locally lots of exciting Ontario produce to be harvested in the coming days and weeks!

Russet potato markets continues to climb as supplies diminish. Many sheds will be finishing by the end of July. Quality is fair, and the new crops are behind schedule. Also to note, Fingerling potatoes will be short for 5 to 6 weeks.

We are seeing light volume out of Fresno as well as the southeast this week. Lighter supply has also hit the east coast and currently the quality is hit and miss.

Quality is good despite supply being lighter than expected. We continue to see lack of labor, shortages in component of growing such as peat moss, and other inflationary pressures. We expect to see this continue to be a challenge until some of the growing costs can get under control of this particularly labor intensive and cost sensitive item.

Quality remains good, and good demand continues. Light tips burn in the fields and potential for quality issues from INSV virus may be ahead of us. Keeping all eyes on it for now.