Agronometrics Shorts: Raspberry Prices Climbing in the US Market

The current landscape of raspberry production and pricing presents a nuanced picture for the US market, reflecting fluctuations in volume and supply dynamics. According to recent data from the USDA, the volume of raspberries available in the market is notably constrained compared to previous seasons, with an approximate 25 percent decrease observed for the same period compared to last year’s statistics (week 10). Mexico emerges as a pivotal player in the raspberry supply chain for the U.S. market, contributing significantly to meeting demand. Weather conditions caused a delayed onset of the season by a span of two to three weeks. In tandem with Mexican production, the output from Southern California, traditionally a significant raspberry-producing region, remains notably subdued. Despite the challenges posed by fluctuating supply, demand for raspberries has seen consistent growth over recent years, a trend attributed to increased accessibility of the fruit. The prevailing scenario of constrained supply has translated into stronger pricing trends, with prices remaining elevated over the past three to four weeks. Week 10 saw pricing at $12.84 per kg, depicting an increase of over twice the pricing recorded during the corresponding period in 2023. A gradual shift in pricing dynamics is expected as the spring crop gains momentum, increased volumes will likely exert downward pressure on prices.

Source: USDA Market News via Agronometrics.

(Agronometrics users can view this chart with live updates here)

Written by Sarah Ilyas