SEASONAL PRODUCE-WEEKLY MARKET REPORT

OVERVIEW

MARKET REVIEW

December 2020

Lettuce, romaine, leaf items, and tender leaf continue to have a good supply, as do broccoli and cauliflower. We
We are currently seeing some slight peel in romaine due to the frost over the last few days, but the overall quality is good.
Celery continues to have low volume, which will continue for a few weeks.

A combination of weather-related issues and higher demand has caused celery pricing to stay relatively high. There is little to no asparagus supply from Peru due to strikes and shippers’ inability to get the product onto the flight. The tomato market continues to be active but will be improving over the next 7 to 10 days.

The market remains active in Florida on rounds and grapes as we see prolonged production due to cooler temperatures. Corn out of the southeast remains short but does seem to be improving however expected to remain tight for the next 7 to 10 days until the Homestead crop ramps up and the supply chain begins to recover. The round bean market is split this week; good demand and lighter than normal supply keep markets firm in the east while decent numbers crossing through Nogales keep prices lower in the west. Good Supply of French beans available.

Cantaloupe and Honeydew remain short due to weather impacts from Hurricane Eta and Iota in central America. In contrast, the banana markets remain firm due to the force majeure being declared by major global banana suppliers. Growers have suffered major damage to crops and infrastructure, causing a major ripple in the supply chain, and we expect an escalated banana market through the first quarter of 2021.

 

 

PRODUCT AVAILABILITY

AVOCADOS : We saw an uptick in prices this week, particularly in the 48’s and 60’s, as demand increased and crossings were down due to recovery from the holidays. Pricing remains mixed on all other sizes, and there is still a lot of uncertainty when Superbowl demand will begin to increase. Overall market outlook at this time will continue to be steady. However, some areas of Central Mexico did see freezing temps that may affect the spring crops. We will need to keep a close eye on this through March. Current Quality is outstanding.

BANANAS: ACT OF GOD Hurricane Eta and Iota has left behind major effects on several growing regions in South America. The result of this situation will hinder the entire banana industry. At this time, to maintain supply, we are seeing growers declare Force Majeure. After reviewing some of the forecasts with our growers, we anticipate active markets and tight supply through Q1 2021. We anticipate maintaining the supply chain at escalated prices until we are clear of this unfortunate event.

PINEAPPLES: Volumes on 5ct & 6ct pineapples are a little low, but they are improving. This lower than expected supply will continue to improve over the next few weeks.

 

BERRIES

 

Blueberries: Supply remains steady out of most growing areas although
there are still major delays in Long Beach due to port congestion.

Blackberries: We continue to see lighter than expected supply, market
remains strong.

Raspberries: We continue to see lighter than expected supply, market
remains strong.

Strawberries: Light supply continues in all areas due to cooler weather
and will remain this way through the next week. Although quality remains
good out of Florida and Central Mexico, the market remains strong.

Navels: Peaking on 72/88, both grades. November rain is affecting fruit growth. Small-sized 113/138 becoming tight.

Grapefruit: Texas season has started with peaking sizes 40/48/56ct,
mostly fancy grade available.

Lemons: Quality is strong with a good supply of 115/140/165s.

Limes: The WATCHLIST Market has ticked up this week due to higher demand and lighter supply. We have seen rain in the growing regions that have slowed down harvesting. Demand is higher due to playoff and championship sports schedules over the next week. Quality will be affected by rain for the next several weeks.

 

CALIFORNIA LETTUCE
 

Butter: Supply remains steady. Quality is good. Green and Red Leaf: Production volumes are currently on the budget for the week. Weights are improving, and overall quality is excellent, apart from occasional windburn. Red Leaf: Supply is fair to good. Quality is excellent. Market pricing is higher than other leafy items.

Iceberg Lettuce: Supply this week looks normal. The quality has been outstanding. The market is steady.

Romaine & Romaine Hearts: Production and supply are on a budget. Weights are improving, and the overall quality is excellent. There is occasional blister and peel/feathering from recent cool temperatures.

 

EASTERN AND WESTERN VEGETABLES

 

Green and Red Bell Peppers: Demand and supply remain balanced, and good quality being reported from all shipping points. FOB prices were mixed this week. The red bell market remains firm as volume has not increased yet from Central Mexico. Wide variances in hi and overnight low temps have slowed the maturity of fruit down, and expect current conditions to remain over the next 5 to 7 days. The full transition from Coachella to Nogales is expected this week.

Cucumbers: Florida volume is lighter this week, and fob prices are a tad higher; fortunately, volume continues to increase through the port of Miami originating from Honduras. On the domestic front, the product continues to be harvested daily, we are seeing increases in quality issues such as yellow belly and scarring. Mexico continues to see good numbers and quality.

English Cucumber: Markets remain flat however starting to see some volume tighten with cooler weather. Quality is very nice.

Green Beans: We see demand begin to ease back but will be in a split market for several weeks as supply remains tighter than normal in Florida and volume improves crossing through Nogales. We are still anticipating volatility in the bean market until mid to late January. Zucchini & Yellow Squash: Supply has firmed up this week and prices are higher due to cooler weather and rain this week in Florida. Mexico, volume is off due to growers walking away from fields due to poor holiday demand and cooler weather slowing production down in newer blocks.


GRAPES
The import grape market has become weaker. Slow movement on greens has caused the market to come off, which will adjust as the early green arrivals clear out. The quality of green grapes continues to
be good.

 

MELONS

Cantaloupe: EXTREME Current cantaloupe arrivals start to show a shift in sizing to mostly larger sized melons. Over the past few weeks, there has been an adequate amount of 12/15s hitting the market, but we believe these sizes will start to shorten as sizing turns mostly to 9s and larger. We are forecasting the market to remain in a shorter position with stronger pricing continuing. The quality of recent arrivals continues to be strong with solid internal characteristics. Brix levels remain in the 11-14% range with an excellent flavor profile.

Honeydew: EXTREME Honeydew from Guatemala will decrease significantly in the coming weeks and remain fairly short throughout February. Honduran production should provide enough supply to satisfy contractual needs, possibly leaving little for the open market. As with the cantaloupe, recent honeydew arrivals saw mostly smaller sized fruit hitting the market, but new arrivals shifted more to 5s and larger.

Watermelon: ESCALATED Lighter supply from McAllen and Nogales. Larger sized fruit 36’s and larger are peaking. Our contracts are being filled with no pro-rates. About cantaloupe and honeydew: Over the next several weeks we will be watching the conditions that resulted from the hurricane that crossed through Honduras and Guatemala. The rain from this storm was expected to impact most of the region and we will need to assess any potential damages. Severe damage to the crops in the region could cause major market shortages through February 2021.

 

MIXED VEGETABLE


Artichokes: We expect light volume to continue through February. Quality is good. Prices are higher.

Arugula: Supply and quality are good this week.

Asparagus: EXTREME : Good volume, good / fair quality. Mexico: Good quality, supply remains very light.

Bok Choy: Supply is expected to be plentiful for the next three weeks. Quality is good.

Broccoli: The supply is good this week. Quality is very good.

Brussel Sprouts: Supply is expected to be strong for the next few weeks. Good availability and strong quality.

Carrots: Jumbo Good quality and availability on jumbo, foodservice carrots are in lighter supply due to labor issues from the Pandemic.

Cauliflower: Supply is expected to be plentiful this week.

Celery: EXTREME We have seen a major reduction in supply and anticipate tight supply throughout the rest of January, and potentially into the first half of February. Overall weight and sizing are down, making celery sizes of 18s and 24s almost an impossibility. While we are seeing these reductions in the current harvest, the demand for celery has skyrocketed as foodservice outlets are preparing for the startup of the NBA and NHL and preparing for the Superbowl. We anticipate the market to remain very tight with potential pro-rates throughout the remainder of January and quite possibly through mid-February.

Cilantro: Volume is going to be plentiful this week. Quality is good.
 

Corn: EXTREME (Florida) Due to weather related pressure in November from Tropical Storm Eta, as well as recent below normal temperatures, the corn crop in Belle Glade has suffered major damage and we expect to see a very active and inconsistent corn market. We continue to see low harvest numbers but expect improving conditions over the next 10 to 14 days as new crop begins out of Homestead. There are light numbers crossing through Nogales but nothing that will help improve markets at this time. Where we are seeing inconsistencies in supply, we recommended subbing to broccoli, cauliflower, green beans, or French beans.

Fennel: Fennel supply will be at budget this week. Sizing will be good this week. Quality remains strong.

Garlic: EXTREME The market for domestic garlic remains high with good quality.

Ginger: EXTREME Ginger is very volatile due to very inconsistent supply and market is higher. Supply remains tight for the foreseeable future.

Green Cabbage: Supply is steady with good quality.

Green Onions: The market remains very active due to lack of shipped volume during the holidays. The market will remain firm through next week.

Kale (Green): Bunched kale supply is expected to be plentiful for the next few weeks.

Mushrooms: WATCHLIST Mushrooms markets continue to be extremely active due to the high demand at retail. This will affect the availability and quality on foodservice items, particularly whole mushrooms. We are also seeing COVID restrictions that were implemented for safety affecting output at several mushroom facilities.

Napa: Supply is expected to be plentiful for the next three weeks. Quality is good.

Parsley (Curly, Italian): There is great quality with supply increasing over the next few weeks.

Rapini: Quality is strong with good supply.

Red Cabbage: Supply is good with consistent sizing and quality.

Snow and Sugar Snap Peas: Steady volume, good quality. Sugar

Snap peas: Tight volume, good quality

Spinach (baby): Supply and quality is good.

Spinach (bunched): Supply and quality is good.

Spring Mix: Supply and quality is fair.

Sweet Potatoes and Yams: New crop harvest starts as soon as next week for some sweet potato growers. We are looking at new crop shipments starting in about 6 weeks after they cure. Last year’s crop is starting to dwindle, and inventory is getting tight, but supply should hold to avoid gap: EXTREME (Florida) Due to weather related pressure in November from Tropical Storm Eta, as well as recent below normal temperatures, the corn crop in Belle Glade has suffered major damage and we expect to see a very active and inconsistent corn market. We continue to see low harvest numbers but expect improving conditions over the next 10 to 14 days as new crop begins out of Homestead. There are light numbers crossing through Nogales but nothing that will help improve markets at this time. Where we are seeing inconsistencies in supply, we recommended subbing to broccoli, cauliflower, green beans, or French beans.

Fennel: Fennel supply will be at budget this week. The sizing will be good this week. Quality remains strong.

Garlic: EXTREME The market for domestic garlic remains high with good quality.

Ginger: EXTREME Ginger is very volatile due to very inconsistent supply and market is higher. Supply remains tight for the foreseeable future.

Green Cabbage: Supply is steady with good quality.

Green Onions: The market remains very active due to lack of shipped volume during the holidays. The market will remain firm through next week.

Kale (Green): Bunched kale supply is expected to be plentiful for the next few weeks.

Mushrooms: WATCHLIST Mushrooms markets continue to be extremely active due to the high demand at retail. This will affect the availability and quality on foodservice items, particularly whole mushrooms. We are also seeing COVID restrictions that were implemented for safety affecting output at several mushroom facilities.

Napa: Supply is expected to be plentiful for the next three weeks. Quality is good.

Parsley (Curly, Italian): There is great quality with supply increasing over the next few weeks.

Rapini: Quality is strong with good supply.

Red Cabbage: Supply is good with consistent sizing and quality.

Snow and Sugar Snap Peas: Steady volume, good quality. Sugar

Snap peas: Tight volume, good quality

Spinach (baby): Supply and quality is good.

Spinach (bunched): Supply and quality is good.

Spring Mix: Supply and quality is fair.

Sweet Potatoes and Yams: New crop harvest starts as soon as next week for some sweet potato growers. We are looking at new crop shipments starting in about 6 weeks after they cure. Last year’s crop is starting to dwindle, and inventory is getting tight, but supply should hold to avoid gap.