Post by nutsberryfarm 🏜 on Dec 21, 2020 17:07:03 GMT
Raspberries reach historic lows for this time of season
www.producebluebook.com/2020/12/21/produceiq-slow-demand-leads-to-lowest-produce-prices-in-10-years/
Restrictions on foodservice in the major metropolitan markets, along with retailer cautiousness, tilted holiday prices into the buyers’ favor.
Overall, the industry’s rolling 4-week movement is down 8.2 percent and total sales by -10.1 percent year over year.
Week #50, which is the 2nd week after Thanksgiving, began an even more dramatic decline over last year’s activity. Anecdotally, the lack of orders was widespread last week as well.
ProduceIQ Index: $0.86 /pound, +3.6 percent over prior week
Week #51 ending December 18th
Blue Book has teamed with ProduceIQ BB #:368175 to bring the ProduceIQ Index to its readers. The index provides a produce industry price benchmark using 40 top commodities to provide data for decision making.
High freight rates contribute towards lower F.O.B. prices through the holiday shopping season.
Tomatoes, however, made significant gains. As a silver lining to low grower F.O.B. prices, tomatoes increased 39 percent on light supply.
Grape tomatoes led the category, reaching $1.61/pound. However, these prices may be short-lived as Nogales, AZ, crossings have yet to ramp up. Increases in the Mexican tomato supply is anticipated through the end of the month and into January.
