Export volume won’t increase on Mexican limes
From
| 5 October 2023
Overview of limes from Mexico in the U.S. market, complemented by charts from Agronometrics. Original published on October 5, 2023.
The lack of volume on limes out of Mexico looks to continue in the near future. Based on field visits in Veracruz, Tabasco, Oaxaca, Merida, Jalisco and Sinaloa, Alex Landin of Limonik Produce/Limones Monica says this situation could extend for the next few months following a tighter supply that was seen already seen last month. “We might see more volume in the second week of November,” says Alex Landin of Limonik Produce/Limones Monica noting it would be enough volume in that six-week harvest to cause a price adjustment if the demand isn’t staying constant.
Further out, a very low volume is anticipated for January. “This is because we have a period of drought that has not allowed the tree to bloom,” says Landin. “If we do have a bloom in the next 15 days, we won’t see high-volume production available until mid-February.”
Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)
Heat and quality
As for the quality of the fruit, as the heat continues, the quality and field yields will decrease on limes. As a result, the export volume will not increase. “In December, there is generally good demand for limes in the domestic market,” adds Landin.
As for pricing, Landin believes that prices will remain above $30/box and will increase depending on the caliber. (The scarce sizes would be the 100s and those available from largest to smallest would be 250, 230, and 200 count.)
All of this will likely be points of discussion for Limonik, who is also currently packing Mexican Eureka lemons, choice and limited fancy, at the upcoming IFPA show later this month in Anaheim. The shipper will be exhibiting at booth #4075.
The News in Charts is a collection of stories from the industry complemented by charts from Agronometrics to help better tell their story.
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