Market Trends: Week of November 4th, 2018

Tomatoes

 

East 

 

Most if not all supplier opertaions have finished in Quincy, FL/ Georgia areas. The Palmeto crop has started harvesting this week which has helped the recently rising market. The usual low teilds for the season could stay that way for the next 10-15 days.

 

·      Rounds - Round tomatoes are steady and projected to slowly improve through the beginning of November.

·      Romas  - Roma tomatoes remain extremely limited in the east with nearly all demand remaining on California and Mexico until Florida comes into promotable volume in the second half of November

·      Grapes & Cherries - Grape and Cherry tomato volumes are increasing in central Florida helping to curb the recent rising markets stabilizing price this week. Quality is mostly good and supply is expected to continue improving through the rest of the month.

 

West/Mexico

 

·      Rounds- Round tomato prices in California have begun to ease as Florida begins their winter season, however, supplies continue to contract as they near the end of the season

·      Romas- There is currently decent production of Roma tomatoes, but the demand is particularly heavy due to limited crossings from Mexico. Mexico has endured weeks of rain and currently assessing damage from Hurricane systems Rosa, Sergio, and now Willa, reducing crossings at the border.

·      Grapes & Cherries - Different grape varieties are beginning to improve this week, helping to increase the volume at crossing into the beginning of November. Both Baja and the east are in very short supply on Roma, grape and cherry tomatoes now and the market is expected to stay active on these items heading into the beginning of November until farming operations can recover.

 

Green Bell Pepper    

Green Bell Peppers supply is starting to turn around with better production numbers coming out of Georgia and Florida. The volume coming from Florida is mostly smaller peppers with lowers yields with fair quality. Georgia has started with a few fields that were planted late in the season due to wet conditions, and is better quality. Hurricane Michael impacted fields which will be felt for the remainder of the season. Supplies out of Fresno should end this week. Grower/Shippers now harvesting moderate to good volume out of the Coachella Valley. Price should remain steady through the remainder of the week in the teens for a choice grade pepper and low to mid 20’s on #1 pepper. Light supplies available through Nogales. Green bell peppers from Mexico are also available to load in McAllen, TX.

 

Red Bell Pepper

Light supplies of Red Bells are starting harvest in Fresno and coastal areas. California Growers are getting ready to make transition to the Coachella Valley by the last week in October, moving into November with good volume expected by Mid- November. Hothouse Red bells are also available to load out of San Diego, from Baja growing district. Volume out of Baja has started to decrease as we move out of October and into November. Few hothouse red bells are crossing through Nogales From Jalisco, Mexico. The quality of the peppers in all districts remains good. Pricing has remained steady on #1 and choice grade peppers. Supply meets demand. Red peppers are currently shipping from San Diego, Fresno. Hothouse red bells from Mexico are also available to load in McAllen, TX and Nogales, AZ.

.

 

Yellow Squash / Zucchini

The marketing is starting to ease up with supplies increasing in Florida and Mexico in the coming weeks. The California Season is coming to an end with supplies decreasing and quality fair. Mexico quality thus far is the best while MFC squash is now available.

 

Cucumbers

Prices have began to stabilize while stocks are at best in Western Mexico while the Baja season has ended.  Wet weather continues to hurt volumes on the East Coast with the aftermath of Hurricane Michael. Quality ranges from good to very good while skins are smooth and textures are firm. MFC Cucumbers are becoming available. Prices in Mexico are low while GA is a bit higher with lower quality.

           

Eggplant

East- Supplies are tight but constant, with production slowing down due to colder weather. Georgia is currently the major supplier in the east with light supplies coming from South Carolina and Northern Florida. Quality and demand are both good, which is keeping the market very strong on number 1’s. There is a wide range of prices due to growers packing heavier to choose products.

West - Light volumes coming out of Fresno. Quality issues are being reported due to miss shaped and scared, but overall the quality is still solid. Eggplant out of Fresno could end as soon as next week. With California crop finishing up, markets and pricing could begin to rise.

 

Jalapenos

Light supplies still available from Baja California, in San Diego and Los Angeles from Santa Maria. Light supplies of Jalapeño being harvested from both growing regions. The quality of the pepper is fair at best out of both regions. Nogales still receiving very light numbers this week. The market is high and along with pricing, and should remain high for the next 2 week until Nogales starts to see better numbers. Currently, supplies meet demand. Jalapeños are also available to load in McAllen, TX.

 

Beans

ACT OF GOD: Supplies on Green Beans is still very short I the aftermath of hurricane Michael direct impact on Georgia’s new crop. Both Hurricane Michael and Florence hurt the NC & SC green bean market and Florida is still another week out from production. FOB’s will remain high until then.  California supplier continues with poor quality from the central valley and coastal CA are keeping FOB’s high.

Market Report: Week of 21 November, 2017

Tomatoes

 

East 

·      Rounds – As most move past their crown picks, Palmetto/Ruskin supplies are still very light. Despite the lack of supply, demand has been quite lackluster for some time. Therefore, FOBs are remaining high, yet steady. Expect about 2-3 more weeks of light supplies from this area and then we will hit a supply gap until December 15th when our Immokalee crop begins. The late start for this is due to Irma. Note, there is some rain in the forecast that could affect pricing in the next 10-14 days, depending on demand. Quality overall has been nice when available. 

·      Romas- Eastern supply will from Palmetto/Ruskin will remain limited and scattered for the next 2-3 weeks. Until our Immokalee farms are ready in mid-December that were delayed from Irma, we will continue to see limited supply. However, with light demand in the holiday week, prices actually fall about $1-2. Quality has been mostly good from the area.

·      Grapes- There continues to be a significant supply gap in both the east and west, however, supplies are starting to loosen up. Thus, FOBs are down about $5 on pints and $10 on bulk. Expect FOBs to remain somewhat higher than normal until the 1st and even 2nd week of December with the next wave of crops comes on. Quality for the most part has been good. 

·      Cherries- Demand has perked up on cherries as grapes were tough to find. Thus, prices remain firm moving into next week. Supply relief is expected in about 2 weeks which should put some downward pressure on market prices. Quality has been good.

 

West/Mexico

·      Rounds- Western tomatoes are coming from primarily the Eastern MX & Baja regions. As they continue to work through existing acreage through December, size is expected to drop off. In addition to this, there was a brief flush of product to the market due to expected holiday demand. This is putting downward pressure on FOBs. Beware! This market is expected to snap back in about 10-14 days. Quality is good on these MX vines. In addition, there could still be some remaining CA fruit floating around. This fruit has been through a lot and we are seeing major quality issues with it.

·      Romas- MX supplies are steady at this time. Because demand has been so lazy, FOBs are down $1-2. Quality is looking great.  

·      Grapes- Steady production is coming from Eastern MX & Baja, with supplies expected to increase in the upcoming weeks. Quality continues to be only fair at best. FOBs are down as demand remains lackluster.

·      Cherries- Demand has firmed up with the grape market being so high and supplies already limited. FOBs are firm and steady rolling into next week. Relief is not expected until after the Thanksgiving holiday. Quality is fair to good.

 

Happy Thanksgiving to you and yours!

 

 

 Green Bell Pepper

            East- Peppers remain in an active market as GA winds down and picks the last of their crop. Florida is producing minimal amount and is not able to cover all demand. FOBs are up another few dollars. Quality is fair from GA and good from FL. Expect relief after the holiday.

West- Snug supplies in the west CA wraps up and mainland MX starts in a light way. FOBs rise about $1-2.  Quality from both regions is looking nice. Look for relief after the holiday.

 

Red Bell Pepper

West- Supplies remain limited, however, some relief has come to the market. Thus, prices are down about $2. Some are still utilized hot house pepper to fill the supply gap. Further relief is expected in early December. Quality is good, however, some pepper may have mixed color.

 

Yellow Squash / Zucchini

East- GA still has small volume, however, FL is really starting to ramp up. Quality from the east is generally good, however, yellow squash is seeing some very heavy scarring and even some decay, mostly from the GA region. FOBs are up slightly.

West- While green remains plentiful and inexpensive, yellow squash is still experiencing a lower volume. Nonetheless, there is still good supply in the marketplace of both. Quality for green is good while yellow is experience a very wide range. Better quality is calling for higher price points. In addition, heavy scarring is apparent on yellow.   

 

Cucumbers

East- As GA wraps up by the weekend, FL has many areas to pick from with good quality available. FOBs remain weak and steady.

West- Mainland MX continues to pump good supply and better quality to the marketplace. Baja is expected to wrap up in about 3 weeks. Prices remain weak and steady.

                                                                             

Eggplant

East- Due to light volume from GA and FL just starting up, eggs still remain a little snug for large volume. However, prices are down a few dollars moving into next week. Quality overall is looking nice.

West- The desert is finally wrapping up with less than favorable quality. Nogales has good supply and great quality.

 

Jalapenos

East- Jalapenos remain very snug. GA has completed their season and FL has yet to begin, delayed due to some weather. Look for relief in about 7-10 days. FOBs are up about $2.00.

West- FOBs are up about $2.00 as Mainland MX is the primary source. A strong National Market is keeping prices higher than usual at crossing points. Quality is great.

 

Beans

East- Beans in the east have entered a pre-holiday blues period as prices dropped faster than a 20lb turkey. Plenty of supply and great quality is coming from FL.

West- The CA desert is winding down and will be wrapped up in about 10 days. Nogales is increasing production with good quality from the area. FOBs are down about $8-10 roughly.  

 

·      Western Growing Region(s) Weather Forecast:   

        Code to Color Alerts:

            Market generally with-in normal ranges and steady from last week for both pricing and quality.  Any price changes can be expected to be $2.50 or less with no major changes in quality.  Also, no change in the growing region(s) and no news that could drastically affect pricing in the future.

 

            Some news included concerning the market that may indicate a moderate change in pricing and/or quality. FOB pricing is generally up or down between $2.50 and $5.00 from the previous week.  It will also be used to indicate news that may have a drastic impact on the price, quality and/or availability in future weeks (versus the following week).  Finally, this color will also be used to indicate a commodity that continues to be outside the normal range as far as price, quality and/or availability.

            News included that indicates a major change in the market from the previous week as far as pricing, quality and/or availability. May see price changes, up or down, in excess of $5.00 per case.  This color will only be used to indicate a major change from the previous week.   

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 dramat