Apple prices expected to spike on short supply and high demand
Apple prices expected to spike on short supply and high demand
Apple demand in the United States is higher than it has been in decades, and prices are expected to be higher than ever due to short supplies.
Several factors contributed to the state of this year's apple market. The 2007- 08 apple crop ran short, limiting its usual year-round supplies. Then, just as producers were weeks away from initial harvests for the coming year's crop, multiple hailstorms pummeled the Northeast, and extensive damage in some areas reduced projected volumes. Also, import supplies are down because of the weakened dollar.
Several factors contributed to the state of this year's apple market. The 2007- 08 apple crop ran short, limiting its usual year-round supplies. Then, just as producers were weeks away from initial harvests for the coming year's crop, multiple hailstorms pummeled the Northeast, and extensive damage in some areas reduced projected volumes. Also, import supplies are down because of the weakened dollar.