Hope is just around the corner, said Campbell. “The annual spring transition from Yuma to Salinas is under way, and markets will likely feel relief from growers in the Salinas Valley as soon as the end of March.”
Overall, Campbell said the ProduceIQ Index ($1.12) didn’t increase sharply enough to remain higher than in 2022. “2024 is now the second highest for week No. 11 historically. Last week marked the seasonal transition from the low winter price point (when Mexico is in full production) to a standard price increase over the next four weeks. Industry supply declines, and prices rise as transitions begin to move northward again.”