Markon Cooperative BB #:123315 released this grape market update this week:
Grape markets remain elevated. The California grape crop will be lighter this year due to quality challenges caused by rain from Tropical Storm Hilary.
- California-grown Markon First Crop (MFC) Lunch Bunch Grapes and Markon Essentials (ESS) Grapes are available
- Red and green seedless grape prices remain elevated; expect markets to continue rising in November
- Tropical Storm Hilary’s rain damaged crops; California’s crop is estimated to incur a 20-25% loss
- Quality issues include bursting skins and fungus within the clusters, causing grapes to rot and decreasing available supply dramatically
- Markets are expected to be steady in October; extremely low volume is anticipated in November which will elevate pricing once again
- Offshore grapes are expected to arrive in the U.S. by early December
- Export demand will be higher than past years due to limited supply from California
- Markets are expected to be higher than previous seasons
Please contact your Markon customer service representative for more information.