Market Report: Week of August 17, 2017

Tomatoes

East

• Rounds- Supplies from VA, NC, & TN are lighter than usual, however, FOB prices remain

steady on all sizes. Note in the weather forecast, more rain showers are expected in the east.

Quality is generally good considering the amount of rain, but we are still seeing a few issues in

the form of short shelf life. Therefore, we continue to recommend keeping inventory tight.

• Romas- Demand is fairly moderate and supplies coming from NC, VA, TN & MI are steady.

Prices are down slightly, about $1.00 on all sizes. Quality is still spotty coming from all growing

areas due to rainy conditions and warm temperatures.

• Grapes- FOB prices are stable as supply and demand remain in equilibrium. There is a slight

spread in prices, especially in bulk, which correlates to the quality available in the market

place. Better quality is demanding a higher FOB.

• Cherries- Steady supply, demand coming from the east are resulting in a steady FOB price.

Quality overall is good, however, at times can show a little shorter shelf life than expected due

to rain.

West/Mexico

• Rounds- The western market is proving to be active this week due to less volume available.

Because eastern supplies are limited as well, some eastern demand is turning to the west to fill

the void, putting pressure on the western supplies and prices. Jumbo and XL supplies are very

short, large size supply is a little tight, and medium supplies are moderately available. Jumbo

and extra-large sizes are up about $2.00, large is up about $1.00 and mediums stay relatively

flat. Note temperatures remain high which is resulting in quality concerns in the form of soft

and tender fruit. We recommend to keep inventory tight as shelf life is very suspect.

• Romas- FOB prices push back up a few dollars as supplies remain short from the west. Four

CA shippers are not harvesting fruit, putting high pressure on Baja, with already light volume,

to fill the supply chain. There is a extensive spread in FOB prices due to the wide range in

quality coming from the region. Expect to pay a higher price for the better quality.

• Grapes- Bulk FOBs are seeing upward pressure as supplies tighten up, while pints are

relatively flat. Expect the market to strengthen again over the next 7 days due to less volume

available. Quality is good considering the heat in the growing regions, however, shelf life is still

questionable. Therefore, we recommend keeping a close inventory.

• Cherries- FOBs are slightly up again, about $1.00. Supply from the west is light, therefore,

some western and central area demand is turning to the east to fill needs.

NOTE: All the eastern growing regions continue to experience rain in the form of heavy

afternoon thunderstorms. The weather forecast calls for additional rains this week for all

growing regions. This type of weather almost always causes less than ideal quality and

suspect shelf-life. Therefore, we suggest that dry vegetable inventories be kept as tight as

possible until we work through this product.

Green Bell Pepper

East- Steady FOBs on all sizes as NC, NJ, and MI all are harvesting good supplies. Quality is

generally good, however, some concerns still due to rain and heat.

West- Steady FOBs on all sizes as good supplies come from the Stockton and coastal region.

Quality is good.

Red Bell Pepper

West- No change in FOBs as the transition continues for about another 7-10 days. Overall

quality is good, however, some green coloring can be apparent on the pepper at times.

Yellow Squash

East- Quality is fair from all regions in the east. Scarring and short shelf life are a serious

struggle due to the heavy rains. As supplies are tightening up, we are seeing some upward pressure on FOBs.

West- Quality is fair to good in the west. Scarring is the biggest concern with some bruising

apparent. FOBs are slightly up.

Green Squash

East- Weather concerns are driving FOBs upward subtly. Supply is a little more available than

yellow squash and quality is fair to good.

West- We are seeing some upward pressure on prices as the supply tightens up slightly.

Quality is generally good, however some issues are present in the form of scarring and shelf life.

Cucumbers

East- MI & NC are still harvesting good supplies, however, the market has slightly

strengthened. Quality is good, but we still highly recommend a tight inventory due to rainfall.

West- Slight upward pressure on FOBs is evident, but overall quality and supplies are steady.

Eggplant

East- MI is producing good supplies and quality which is resulting in a steady market.

West-The market is steady from Stockton and Fresno. Some quality issues are showing from

heat.

Jalapenos

East- Steady pricing and quality from the east.

West- FOB prices are slightly down as supplies increase a bit. Quality overall is good.

Beans

East- No changes to pricing as good supplies continue to come from MI, IN, & NY. Some

quality problems might show due to rainfall, but overall quality is good.

 

 

Market Report: Week of August 11, 2017

East

• Rounds- NC, SC, TN, AL, VA, MI & NJ are all seeing better supplies as growers dig into fields.

Both supply and demand are steady. FOB prices are unwavering on extra large and large

sizes. Medium FOBs are slightly down. There is a wide range in quality, resulting in a wide

range in price quotes from all regions. We recommend to continue to keep a close eye on

inventory levels due to the large inconsistency in quality.

• Romas- A higher than usual market will stay steady moving into next week. FOB prices remain

relatively unchanged despite supplies still being very limited. Quality is varying from all growing

regions.

• Grapes- Following suit of rounds and romas, again, a very wide range in quality directly

corresponds with the wide range in FOB prices. There is slight downward pressure on FOB

prices as supply is expected to be more readily available. Due to the sporadic rains, quality

can be slippery at times so we still recommend keeping a tighter than usual inventory.

• Cherries- FOB prices are steady as well as both supply and demand.

 

West/Mexico

• Rounds- No changes in the weather forecast moving into next week means no changes in the

overall quality of tomatoes. FOB prices are somewhat stable for jumbo, extra large and large.

Medium prices are up about a dollar due to a little less supply than usual. Vine Ripes are

mirroring the same pattern with more volume in the 4x4 and 4x5 size. 5x5 and 5x6 are in lower

supply. We still suggest to keep inventory tight due to the hot temperatures affecting the

integrity of the fruit.

• Romas- A very wide range in FOB prices is reflective of the wide range in quality. There is still

a lack of volume in the supply chain due to too much heat and rain in both Baja and MX

crossing through TX regions. Supplies are not expected to increase until at least the beginning

of September. Even though volume is still limited, FOB prices are down a few dollars.

• Grapes- No changes in both supply and demand. Pricing remains stable as supplies continue

to come from the Baja region. Overall quality is good considering the heat conditions.

• Cherries- Prices are generally stable as supply and demand remain in equilibrium. Quality is

mostly good.

 

NOTE: All the eastern growing regions continue to experience rain in the form of heavy

afternoon thunderstorms. The weather forecast calls for additional rains this week for all

growing regions. This type of weather almost always causes less than ideal quality and

suspect shelf-life. Therefore, we suggest that dry vegetable inventories be kept as tight as

possible until we work through this product.

Green Bell Pepper

East- NC, NJ and MI are all harvesting a good amount of pepper. FOB prices are moving down

as a result. Quality is improving, but there is still some suspect product appearing in the marketplace.

West- FOB prices are down a few dollars across all sizes as Stockton and coastal areas

increase production. Quality is improving from the region, but some issues can still be seen from

heat.

Red Bell Pepper

West- FOB prices are firming up as the market previously hit a low. Supply and demand are

steady.

Yellow Squash

East- Quality continues to be a struggle due to the intermittent rain showers. Volume from NJ,

MI, NC, & SC is good while pricing remains fairly stable.

West- FOBs are steady as volume continues to come from multiple growing regions. Quality

has slightly improved but is not out of the weeds yet.

Green Squash

East- Supply and FOBs are steady moving into next week. Quality concerns shown in mostly

the form of short shelf life is continuously a struggle due to the ample rain.

West-.Quality is slightly below par due to winds and heat in the growing regions. FOB prices

and volume are steady.

Cucumbers

East- A lack of supply is putting slight upward pressure on FOBs. It is recommended to keep

inventory tight as we push through the adverse effects of abundant rain water in fields.

West- The low market is expected to firm up within the next 7-10 days. Quality is improving but

shelf life is still very suspicious. Therefore, we suggest keep a tight inventory.

Eggplant

East- Little to no change in supply, demand and pricing. NC, SC, and NJ are all producing

good quality and volume.

West- Look for slight upward pressure on FOB prices as quality from Fresno and Stockton

scuffles with the heat.

Jalapenos

East- Stable FOB prices with good quality and decent supply.

West- Quality is proving to be good with steady supplies. FOB prices are steady as well.

Beans

East- Expect FOBs to decline once again as supplies are plentiful from multiple areas.

West- Brentwood and Watsonville are still struggling slightly with quality due to heat. FOB

prices and volume are both steady.

 Important note: This market report is only a snapshot of the various commodity markets as of the morning of the date of the report. When we expect a trend to develop, we will express that expectation. However, commodity markets are subject to actual supply and demand levels and can change quickly due to weather and other unforeseen factors. Therefore, please be aware that markets may change from the time this report is published and the time prices are set for the following week. If such changes are dramatic, we will publish a revised market report.