Tag: produceiq

Record high volume of high-value import commodities, such as table grapes, are pushing the ProduceIQ Index lower than last year’s record high prices. However, overall, prices are still well above average for week #9 compared to the historical average.

The ProduceIQ Index plummeted -8 percent over the previous week as increased supply sent prices tumbling across a wide range of commodities.

A polar vortex this week puts much of the U.S. in the walk-in freezer for the tenth time this winter. Hazardous conditions, including ice, extreme cold, snowfall, and intense storms, will complicate logistics for fresh produce suppliers this week.

Super Bowl ticket prices may have been significantly lower than last year, but the price of Super Bowl guac was certainly not. Avocado prices are down -4 percent over the previous week thanks to increasing Mexican supply and softening demand.

Over the weekend Donald Trump imposed tariffs on Mexico, Canada, and China in his war on illegal immigration and drug trafficking. All three countries have responded that they are preparing similar tariffs on U.S. goods.

After weeks of high winds and devastating wildfires, Southern California saw much-needed rain over the weekend. The rain provided relief and aided firefighting efforts in residential and agricultural areas but left Californians at risk for flooding and mudslides.

Despite this week’s weather forecast, supply will likely cover demand, and prices may even decrease over the next few weeks as more growers come online.

The cold front that reached deep into Florida last week did slow the production of a few commodities such as cucumbers and squash but did little to stop plummeting tomato prices.

Post-holiday demand hangover and stable supply send the ProduceIQ Index plummeting. Average prices are down -9 percent over the previous week and typically continue a downward trend into mid-February.

The ProduceIQ Index finishes the year showcasing a continued yet flattening rate of inflation. The produce industry appears to reflect the broader economy by continuing to have slightly higher prices for another year.