Weekly Market Report 07.05.24

Page 1


OVERVIEW

Heatwaves are forecasted for the lower Mississippi Valley, Gulf Coast, California, and the Southwest, with temperatures reaching the upper 90s to low 100s Elevated humidity and a strong high-pressure ridge will prolong the heatwave, breaking daily records. Excessive heat warnings are in effect, and harvesting hours in the San Joaquin, Santa Maria, and Salinas Valleys will be reduced for worker safety.

Onions, kale, lettuce leaf, and iceberg lettuce are currently in season, offering peak freshness and quality. Enjoy these vibrant, nutritious vegetables in your summer dishes

As we transition from the desert to the Central Valley, the honeydew market stays tight

Supplies will be limited before the Fourth of July due to high demand from retailers, reduced production in Southern Baja and Peru caused by extreme heat Smaller sizes are prevalent, and the market will remain tight during the holiday

Mexico continues to produce limited amounts of fair quality For the next few weeks, expect the market to remain steady

Brussels sprouts are in short supply due to warm weather in Mexico, causing discoloration and more bugs The market is expected to rise next week

Due to a protest in Michoacán, Mexico, avocado harvesting and shipments were suspended by the USDA This is expected to lead to scarcity and a rise in avocado prices Force Majeure clauses are being considered

Most Washington shippers are sold out of domestic pears, except for limited quantities of Anjou, Bosc, and Red Anjou Bartletts are now available on both coasts

Prices are rising due to lower inventories and rain delays in harvesting The rain is beneficial long-term but causing a short-term price spike

Limited supply of tender leaf items like cilantro and Italian parsley due to recent rains causing bacterial spotting

Spot market opportunities are limited as suppliers prioritize contracts Tropical weather has accelerated fruit maturation, reducing yields

165ct and smaller will be tight all summer The 140ct and smaller market remains strong Offshore winds in mid-July will aid domestic lemon farmers

Navels are nearly finished; Valencia's are now the main variety Valencias are available in the Central Valley and Riverside, with a 12 brix range

FLORIDA

CALIFORNIA

A stalled frontal boundary will bring isolated to scattered showers and thunderstorms over northern Florida on Monday and Tuesday By week's end, showers and thunderstorms will develop due to daytime heating. Most showers will bring 0.02" to 0.20" of rain, with higher totals possible from thunderstorms. Temperatures will remain warm through July 5th.

A heatwave will impact inland areas starting Tuesday and continue through the week Coastal regions will experience temperatures near to slightly above average due to a shallow marine layer, with morning lows in the mid-50s to upper 60s and daytime highs in the mid-60s to upper 70s. Coastal valleys will see highs from the upper 80s to 100, and south of Soledad will reach 105-113°F Gusty sea breezes up to 30 mph are expected Intermittent showers and thunderstorms may bring 0 05" to 0 25" of rainfall through July 4th

MEXICO

ARIZONA

Heatwave conditions are expected inland starting Tuesday and lasting through the week. Coastal temperatures will be near to slightly above average due to a shallow marine layer, with morning lows from the mid-50s to upper 60s and daytime highs from the mid-60s to upper 70s Inland areas will see highs from the upper 80s to 100, and southern regions will reach 105-113°F Expect gusty sea breezes up to 30 mph Showers and thunderstorms may bring 0.05" to 0.25" of rainfall through July 4th.

High pressure will maintain near-average temperatures through Thursday, with a significant increase beginning Friday Morning lows will range from the mid-70s to mid-80s on Tuesday, rising to the upper 70s to upper 80s by Saturday. Daytime highs will climb from 106-116°F on Tuesday to 112-123°F by Friday. Monsoonal moisture will remain south and east, keeping the state dry but extremely hot

The heat is intensifying from the lower Mississippi Valley to California and the Southwest Temperatures are expected to soar into the upper 90s to low 100s, with heat indices reaching the 110s due to high humidity California and the Southwest will face an extreme heatwave through the holiday week, with temperatures reaching 100-110°F away from the coast, likely breaking records. This prolonged heat will reduce harvesting hours in the San Joaquin, Santa Maria, and Salinas Valleys for worker safety

In the Salinas and Santa Maria Valleys, crops like lettuce, romaine, tender leaf, spinach, spring mix, parsley, and cilantro are at risk of fringe burn, internal burn, seed discoloration, and insect damage Broccoli and cauliflower may face sunscald, discoloration, and hollow core issues. Insect and pest pressure will rise as they seek water and avoid the heat, impacting crop quality and shelf life.

Crops in the San Joaquin Valley, such as bell peppers, melons, onions, and tomatoes, are more heattolerant, but harvesting hours will be reduced to maintain moisture and mitigate heat damage

Hurricane Beryl, the first Category 4 storm of the season, is moving through the Caribbean and is expected to reach the Yucatan Peninsula and the Gulf of Mexico as a tropical storm. We will monitor the heat and hurricane developments and update you on their impacts on various growing regions

Freight this week is affected by the 4th of July holiday markets. We expect a slow return of capacity during the week of the 8th as drivers come back from vacation and time with family

APPLES

CLICK ON COMMODITY NAME FOR DETAILED MARKET INFORMATION LETTUCE TENDER

ASPARAGUS

AVOCADOS

BANANAS

BELL PEPPERS

BERRIES (BLACK)

BERRIES (BLUE)

BERRIES (RAS)

BERRIES (STRAW)

BROCCOLI

BRUSSEL SPROUTS

CARROTS

CAULIFLOWER

CELERY

CITUS (GRAPEFRUIT)

CITRUS (LEMON)

CITRUS (LIME)

CITRUS (ORANGE)

CITRUS (TANGERINE)

CUCUMBER

EGGPLANT

GARLIC

GRAPES (GREEN)

GRAPES (RED)

GREEN ONION

KALE

LETTUCE ICEBERG

LEAF LETTUCE

MELON (CANTA)

MELON (HONEY)

MELON (WATER)

PEARS

PINEAPPLE

POTATOES SQUASH

STONE FRUIT

TOMATOES

APPLES

Apple supplies remain strong, but expect some inventory gaps in July Golds, honeys, and pinks will decline, while Galas remain tight Reds, Granny Smiths, and Fujis will stay in good supply throughout the summer

The volume of premium bananas remains stable this week, but #2 fruit volume continues to decrease, making programs difficult to fulfill Ripening times are expected to stay consistent with previous patterns

ASPARAGUS

BELL PEPPERS

Asparagus supplies will remain tight leading up to the Fourth of July due to high retailer demand and extreme heat in Southern Baja and Peru Southern Baja's temperatures above 100 degrees have caused asparagus to go dormant, resulting in smaller sizes Peru is also producing less asparagus due to warm weather Expect the market to stay tight through the holiday

Effective the evening of Friday, June 14, 2024, the USDA suspended avocado harvesting and shipments from Michoacán, Mexico, due to a social protest blocking roads in Aranza Although two USDA inspectors were detained and safely returned to Uruapan, Mexican authorities and the USDA are working to resume harvesting While some fruit is still en route, supplies will become scarce, leading to rising market prices California and Peru cannot fully cover the gap, and Force Majeure clauses are being discussed among suppliers for immediate effect

The eastern green bell pepper market is strong GA is finishing and NC is in full production High markets are expected to stay for the next few weeks In the West, all varieties of peppers are limited in volume with red and yellow peppers mostly affected Regional growing shift, uncooperating weather have quality just fair at best The market is very high and expected to hold up to ten days Hothouse pepper demand exceeds supplies

SUPPLY

Due to warmer temperatures, blackberries will produce more Due to these higher temperatures, there may be some crop loss next week

BLUEBERRIES

RASPBERRIES

BROCCOLI

The quality and supply of broccoli are improving As Santa Maria and Salinas have improved their supplies, the market is beginning to improve The current heatwave may result in lower yields next week due to tight supplies

BRUSSEL SPROUTS

As the fruit becomes more difficult to handle and harvest due to excessive heat, availability has dropped It is expected that markets will react upward until late next week when temperatures will be cooler

Santa Maria will be ending for the most part next week Watsonville and Salinas have reached their peak production Over the next few weeks, we will see a slow but steady decline in production Despite the 4th of July pull behind us, markets are firm Over the next several days, crops may be damaged by high temperatures

There is a shortage of Brussels sprouts As a result of the warm weather in Mexico, discoloration and an increase in bugs are occurring Next week, the market is likely to trend higher

CARROTS

The whole carrot market remains steady, with Bakersfield as the main growing region Sizing looks good, and there are no issues anticipated for the foreseeable future

CAULIFLOWER

Overall, this market is steady and flat The large sizing has better availability than the previous week Most suppliers are filling all orders to the fullest extent possible Both northern and southern CA are experiencing good quality This commodity will be available throughout the week in steady supply

115ct and larger sizes are at their peak 165ct and smaller sizes will remain extremely tight throughout the summer The market for 140ct and smaller will remain strong District 1 (San Joaquin Valley) is now finished, leaving District 2 (Oxnard/Ventura County) as the main growing region On the West Coast, offshore winds are expected to come into play early/mid July, which will help domestic lemon farmers

Prices are slightly stronger and there are fewer total inventories around Rain is delaying harvesting, but demand is good The rain has been needed and will be good for the crop as we move into summer, but is causing a spike this week We will see guys quoting fruit they don't have and pricing will hold

Navels are pretty finished; Valencia’s are the main variety Valencia's crop will mirror Navel's During Valencia season, fruit will peak on 72ct and larger; 88/113/138ct will be tight once summer break for schools is over Valenica's are currently available in the Central Valley and Riverside Valencias are in the 12 brix range

Mexico continues to produce limited amounts of

keeping the market steady for the next few weeks Domestic supplies are expected to begin arriving from late July to early August

GREEN GRAPES

In the next week or two, Mexican grape season will come to an end Some growers have already called it quits due to quality issues due to massive heat in the growing areas Meanwhile, some growers in Bakersfield have already started harvesting this week, and the rest will follow throughout next week Most people will start with reds, then move on to greens three to four days later The district should be full speed by July 15th

In the next week or two, Mexican grape season will come to an end Some growers have already called it quits due to quality issues due to massive heat in the growing areas Meanwhile, some growers in Bakersfield have already started harvesting this week, and the rest will follow throughout next week Most people will start with reds, then move on to greens three to four days later The district should be full speed by July 15th

Green onions are in good supply this week, with better quality Next week should be a good week for supplies

Kale supplies are expected to be plentiful and of good quality this week There is a great opportunity for Kale to be promoted at the moment

There is a limited supply of tender leaf items such as cilantro and Italian parsley As a result of all the rains and excessive moisture, quality is experiencing bacterial spotting As a result, these leaf items will be able to withstand the current heat For the next few weeks, these markets will remain tight

As a result of the warm weather in the growing regions, this commodity has experienced increased growth Due to the closure of schools across the US, there is also an increase in availability At the moment, all valueadded product is off escalation and will remain that way for at least a few weeks Aside from some slight irregular shaped heads and discoloration on the outer leaves, multiple suppliers report the quality is above average

Due to the upcoming holiday and availability of new crops, demand for cantaloupe has increased Shippers are overselling the new crop, with better supplies available the week of 7/8 The quality of the product is excellent, with Brix levels in the range of 13-16% California's heat wave is peaking on 9s and Jumbos, with smaller fruit at a premium For another week, the product will be available in the desert

Honeydew market remains tight as growers increase inventory, especially for sizes 5 and Jumbo 5 Mexico's crossings are low, creating a gap for smaller fruits Honeydew 8s command a premium Markets expected to stay tight for the next week or two

Watermelon sales have surged nationwide due to supply and holiday demand Mexican watermelons are currently available in Nogales and Texas, while California fruit will be available the week of 7/8 Organic watermelons may see lower sales volume for the next two weeks as growers increase inventory Florida watermelon quality is still high as suppliers finalize Holiday AD deals

and availability are excellent

CA and NM have excellent supplies of yellow onions Red and white markets remain elevated and firm due to export demand

In the second week of July, new crop California Bartletts will begin shipping just south of Sacramento Early California crop looks to be about 80% of last year's Almost all Washington shippers have sold out of domestic pears and only small quantities of Anjou, Bosc, and Red Anjou are left Only a few shippers will still have Anjou at the beginning of July Bartletts are now available on both coasts

Spot market opportunities are limited, and suppliers are focusing on their contracts The tropical weather has caused fruit to mature faster than normal, resulting in lower yields After the holidays, demand remains steady for larger fruit The quality of Mexican pineapples is excellent

The 40 and 50 CT potato sizes remain the most limited, with 60 - 70 CT markets on the rise There is an abundance of small potatoes

Markets remain elevated however theres some relief coming up CA crops have started and supplies are expected to increase over the next few weeks as well as Baja and Central Mexico East coast is in a slight gap significant vlume not expected until mid July Hot temperatures in CA this week are something to watch for as it may cause some heat related quality issues

Supplies are plentiful with multiple regions going, the northwe Maria, Baja, NC, MI, OH to name a few Quality is good and expe amount of supplies across the board

The apricot season is over The heat in the central valley ha finished them off A good supply of peaches, plums, and nec available Although the heat will limit harvest crew time, it s affect the crop long-term The size will increase throughout t with better varieties coming on in July Washington cher reached the halfway point of their season Chile's kiwi market to slightly lower

Microgreens

on of Microgreens year-round, many of which are available crogreens add a layer of distinct flavors and beauty that can epth of flavor to any dish. We invite you to experiment with these items on your menu today!

SIZES AVAILABLE 4OZ AND 8OZ

edible flowers

Micro Flowers™ may be tiny but they are extremely colorful These small flowers are versatile standalone products in terms of their Flavor, aroma, and visual appeal. They are perfect for fine pastries and other delicate dessert presentations, can be scattered over just about any menu item and are particularly popular with mixologists.

PACK SIZES AVAILABLE: 50 CT EXCEPT WHERE STATED

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.