Cherry season topped with royal prizes – Produce Blue E book

Do not be alarmed. The inclusion of the seasonal cherry harvest explains nearly all the $ 0.22 improve within the total {industry} index this week.

Cherries could also be small, however they’re highly effective. Undoubtedly the privileged 1 p.c of the fruit and vegetable {industry}, cherries have an affect, particularly on freight. Being the most costly product helps entice the eye of vehicles which can be already scarce.

At $ 4.34 a pound, the cherry season began in California with the second highest costs, trailing solely from 2014.

Seasonal cherries open common $ 58 per 16 pound case.

The cherry season in the US begins in late April and ends in late August. Historically, the quantity crescendos till week 26 then the yields step by step lower. After Turkey, the US is the second largest producer of cherries on the earth.

Cherry season is an action-packed 16 week interval, beginning in California and the mainland Washington state.

Blue E book has partnered with ProduceIQ BB #: 368175 to convey the ProduceIQ index to its readers. The index offers a benchmark of commodity {industry} costs utilizing 40 commodities to supply information for resolution making.

ProduceIQ Index: $ 1.23 / lb, +21. 8 p.c from the earlier week
Week # 19 ending Could 14

In the event you had any doubts, you aren’t loopy. The whole lot tastes a bit like lemon this 12 months.

An unusually moist and chilly winter in Tabasco, the lime-growing area of Mexico, mixed with excessive freight charges, decreases the provision of limes. To keep away from exorbitant costs, restaurant operators substitute for lemons when potential.

Lime costs are dropping, however nonetheless within the excessive finish for this time of 12 months. It appears to be like like this pattern is more likely to proceed till at the very least June.

After one other costly winter, lime costs can’t come down quick sufficient for restaurateurs.

Watermelons are principally the other of cherries proper now. At $ 0.12, costs are under manufacturing prices and the bottom values ​​seen in 10 years.

As a tough information, a 40,000 pound truckload of cherries is valued at $ 174,000. The identical weight in watermelons is barely price $ 4,800 (cherries value 36x the price of watermelon). “Promotable” is an understatement.

Watermelons keen to boost costs. Traditionally, costs stay fixed for the subsequent few weeks.

Blueberry costs are lastly falling, as US markets are much less depending on imports to satisfy demand for blueberries. The rising areas of home blueberries are booming in North America. The berries are contemporary, cheap and attractive because the manufacturing is on the gates of the excessive season, from June to August.

Volumes of blackberries, one other member of the combined berry clan, are growing resulting from elevated manufacturing within the rising areas of Baja California, Mexico and California. Apparently, though raspberries are produced in the identical areas and might usually be grown side-by-side with blackberries, the quantity of the extra fragile raspberry would nonetheless be declining.

After a spectacular Mom’s Day spectacle, strawberry costs have dropped considerably from the earlier week. In simply 5 days, costs dropped in half, from $ 18 to $ 9 for an 8 × 1 lb condominium. Provide and high quality, irregular in latest weeks, are bettering steadily and are anticipated to proceed all through June.

Please go to our on-line market right here and revel in free entry to our market instruments that created the charts above.

ProduceIQ Index
The ProduceIQ Index is the contemporary produce {industry}’s solely point-of-shipment worth index. It represents the industry-wide worth per pound on the place of packaging for home merchandise and on the US port of entry for imported merchandise.

ProduceIQ makes use of 40 commodities to characterize the {industry}. The Index dynamically weights every product, by season, based mostly on the 5-year weekly transferring common of gross sales. Gross sales are calculated utilizing USDA’s Agricultural Advertising Service for motion and worth information. The index serves as a good benchmark for the worth efficiency of the {industry}.

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