Market Report June 13 2022
This Weeks Market Updates
We continue to see improving volume on mid-sized to small limes; however, the larger sizes will continue to be short, and expected to continue through June. Total avocados shipped this week was 16% less than the previous week. Decreased supply is fueled by the decrease in available orchards to harvest in Mexico.
Jumbo Carrots continue to struggle as California growing areas moved to the desert growing regions, causing smaller sized Jumbo Carrots.
Celery quality is improving! A few shippers have started in the Salinas which will drive volume availability by the end of June.
Small oranges remain fairly tight, few navels remain, but many growers are on to Valencias. And last but not least, tomato volume is improving daily and should have good supply over the next 3-4 weeks.
AVO’S – ESCALATED
Total avocados shipped into the U.S. market last week were just under 42 million pounds; this was almost 16% less volume than the previous week.
Decreased supply is fueled by the decrease in available orchards to harvest in Mexico and has caused strong field pricing. Mexico is expected to continue to harvest the late season crop through June and will likely continue to ship under 35 million pounds per week through the month and until the Flora Local crops are ready to harvest to meet U.S. standards.
Strong market pricing driven by Mexico encouraged California growers to harvest small fruit early in the season this year, harvesting more weekly volume than initially projected per week sooner than estimated.
CARROTS (JUMBO) – ESCALATED
With the carrot growing areas in California moving to the desert growing regions, we are seeing smaller sizing which is increasing pressure on Jumbo Carrot supply that are already short in supply.
In addition, carrot sticks are packed from jumbo carrots so the smaller sizes will be impacting carrot stick supply as well. Supply forecast for smaller sizing to continue throughout the desert growing season and market will remain strong.
ORANGES – ESCALATED
Small oranges remain tight, with market pricing in the low $20’s for choice grade. Few navels remain, but many growers are on to Valencias. Size structure peaking 56/72, with about 75% being fancy grade.
LIMES – ESCALATED
Volume will continue improving on small limes; however, the crop is simply not sizing up at this point. Growers are optimistic we should see a much-improved size distribution by the middle of June.
With this update we expect larger sized fruit to be an issue and ask to be flexible on sizes until we see improvement volume on large sized fruit.
ROUND & ROMA
TOMATOES – ESCALATED
Florida is mostly done for the season, and we have transitioned to South Georgia and South Carolina.
Volume is improving daily and should have good supply over the next 3-4 weeks. Mountain tomatoes (Arkansas, Tennessee) are about 4 -5 weeks out.
CELERY – ESCALATED
Pricing remains escalated, although we continue to see a weaker undertone, but quality is improving. A few shippers have started in Salinas as we look for volume to increase through the end of June.