Asparagus prices keep rising as supplies tighten

Markon Cooperative BB #:123315 released this asparagus crop update December 27, 2023:

Supplies remain extremely scarce; prices will continue climbing this week but are close to reaching their peak. Packer label is being substituted to meet demand when necessary.

Mexico

• Limited quantities are being harvested in Southern Baja and Sonora; many growers stopped harvesting earlier this month
• Small-diameter stalks dominate yields
• Cooler weather and shorter days combined with elevated markets have hindered maturation and reduced incentives to pack larger sizes
• Large and jumbo sizes are in strong demand; substituting standard packs is recommended to ensure orders are filled over the next two to three weeks
• Expect supplies to increase and prices to ease a bit by the first week of January, but remain elevated until Caborca growers begin harvesting in late January
• Markon is sourcing delivered options where available to help supplement short supplies in member DCs

Peru

• Minimal volume is being imported to the U.S. (via Miami, Florida)
• Many Peruvian growers are prioritizing the more lucrative European market
• FOB costs remain comparable from both regions, though some freight savings are available for Eastern DCs
• Expect high prices and extremely tight supplies into early February

Please contact your Markon customer service representative for more information.