ProduceIQ Index: $0.90 /pound, +4.7 percent over prior week
(Week ending December 25th)
Industry prices rise, though remain at low levels, for these busy holiday weeks.
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.
Current price winners include the tomato and melon categories. Lower supply, slowed by cool temperatures, is increasing round tomato prices by +22 percent. Melons are also on the rise. The market volume is being impacted by earlier hurricanes in Central America that caused low yields.
Imported cherries are not significant in volume during the holidays. But at more than two times the price of any other commodity, they do provide an interesting point of discussion. Cherries are trading at their high, $4.44 /pound, though prices typically fall for the next 6 weeks of the Chilean season.
Imported Cherries test the upper limits of commodity prices.
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