New crop apples start with prices expected to drop
Overview of apples in the U.S. market, complemented by charts from Agronometrics. Original published on September 14, 2023.
The Washington State Tree Fruit Association (WSTFA) predicts the 2023-2024 apple crop will be up as much as 28%, compared to the 2022-2023 season.
Washington
– The WSTFA projects approximately 134 million cases (40-pound packs) will be shipped during the 2023-2024 season, up from nearly 104 million cases in 2022-2023
– The ample supply expectation for 2023-2024 follows last year’s short season, that was hindered by cold, rainy, and snowy weather during the growing process
– Suppliers saw yearly averages of approximately 120 million cases prior to last year’s short crop
– Expect level or below-average markets depending on variety
Michigan
– Growers saw a record-setting crop in 2022-2023, at nearly 32.4 million bushels (40-pound packs) harvested; ideal weather conditions in spring and summer 2022 bolstered the crop
– Currently, Michigan apple growers aren’t expecting another record year, but are expecting close to 90% of last year’s crop total
– Average seasonal yields prior to last season’s record crop were at 24 million bushels
– Markets will ease once the new crop season is in full swing in September
Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)
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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