Trendspotting: Volatility in strawberry supply expected

Are produce prices a trick or treat?

It all depends on how you look at it. The industry is seeing increased prices in berries, tomatoes, corn and mangoes. Despite last week’s heavy rain in Mexico, the supply of commodities such as cucumbers, limes and beans has improved.

According to ProduceIQ, strawberry prices are up 26 percent over the previous week and are expected to climb more. “Growers in the Salinas/Watsonville area are winding down production, and Mexican suppliers have yet to start exporting in a meaningful way,” said Mark Campbell, president and CEO of ProduceIQ. Strawberry prices are still well below average for week No. 43, However, “this will likely change over the next few weeks in response to supply volatility,” Campbell said.

Asparagus markets aren’t faring well. ProduceIQ reported that even though prices are down 6 percent over the previous week, markets are still at a ten-year high. “Supply from Mexico and Peru is anemic due to poor growing conditions,” said Campbell. “Expect the market to remain tight through Thanksgiving.”

 Along with berries, mango markets continue to soar at an average price of $14. “Mango prices are in unprecedented territory,” said Campbell. “El Niño weather patterns in South America contribute to low yields for Brazilian and Ecuadorian growers. In Ecuador, growers are forecasting 60 percent lower yields this season and prices should stay elevated through December.”