Market News
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Market News: Week of June 29th
June 30, 2009
ONIONS:
The great yellow onion shortage of 2009 continues. Demand exceeds the supply of yellow onions, as California’s shortfall cannot be compensated for by New Mexico shippers. Shippers in California’s Central Valley continue to struggle. Late May and early June temperatures were well below normal, and water restrictions have reduced acreage in production. Yellow onion shippers are overcommitted and cannot come close to meeting demand. The Cimarron and Cowboy varieties will star the week of June 29 and shippers hope for improved yellow supplies beginning in early July. Daytime temperatures will finally top the century mark June 24 and remain in the upper 90s to low 100s through July 3.
Buyers are forced to look to New Mexico for supplies, where there are 30 percent fewer acres under production compared to recent years. New Mexico shippers are getting inundated with heavy demand from buyers who historically buy in California buy cannot find enough product.
Like California, demand in New Mexico exceeds supply. The Las Cruces, NM, jumbo yellow market has advanced from $9 to $18 over the past two weeks. Shippers do not expect any market relief for at least two weeks. Daytime highs will remain in the mid-to upper 90s through July 3, with 0.55 inches of rain forecast for Sunday, June 28.
Market News: Week of June 15th
June 16, 2009
ONIONS:
The market is still extremely limited on yellow onions and looks to remain that way for the next week to 10 days. Huron availability is still very limited due to a combination of rain and colder weather. There may be a gap in Huron at the end of the week depending on weather. New Mexico has tightened up as the California product becomes more limited.
GRAPES:
Flame red seedless grapes remain extremely limited in supply from both Mexico have severely shortened the crop there and they continue to fight with light color and the fruit not coloring up before maturity. They are down in total estimated quantities already by well over 1 million boxes to date. Nogales crossings look to remain limited for the duration of the Mexico crop. Coachella also remains short and is also still fighting light color from the field. Temperatures have been cooler than normal, but for the duration that they are cooler, it is now slowing production as well. Demand pressure in Coachella has also increased significantly as a result of the Mexico crop shortages. These conditions along with the currently strong demand will keep the market strong for what looks like the entire month of June. Green seedless grapes are shipping as Sugarone from Coachella/Nogales: there are good supplies and deals available
TOMATOES:
Western: Mexican production from Nogales is finished. The clean up deals are done out there…San Diego is crossing fruit now, but has not picked up the volume yet. Reports of Baja quality have been good. There is a lack of smaller sized fruit and nothing crossing with much cooler. There have been reports of California Central valley starting small production by the end of next week, but there will be no fruit with color until the second week of June, if they harvest.
Eastern: The tomato market (all Tomatoes) continues tight and are a great deal higher this week compared to last. Central Florida is finished up due to past wet weather. North Florida will start next week with very light production. Quality is only average, there is a lot of damage to the fruit. The shippers are grading extra hard however there are still some shoulder problems and rain check. Food service will be very LIMITED.
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