Tag: green beans

Although overall markets are down this week vs. last, prices hit record highs, $1.10/pound. The previous record, established in 2016, saw markets cap out at $1.03/pound for this week #17.

The tropical storm that hit Florida in November and damaged crops could have lasting effects on vegetable markets.

Homestead, FL, was directly impacted by Tropical Storm Eta with heavy wind and rain. As a result, Tomatoes, Beans, Cucumbers and Squash, all commodities grown in Homestead, experienced a major jump in price.

Predictably, industry prices fell further. The downward trend will likely continue this week as demand remains low. We have a bit more time before the Thanksgiving pull typically impacts demand.

Green bean volumes had lagged behind the past few seasons, but May is seeing greater supplies and an accompanying drop in F.O.B. prices.