Tight raspberry volumes make for more “normal” pricing
Overview of the raspberry supply by Ben Escoe of Twin River Berries, complemented by charts from Agronometrics. Original published on May 12, 2021.
Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)
Higher berry demand
What is different this year on raspberries is demand, which has jumped significantly. “Demand overall in the berry category has been higher,” says Escoe. “That was partly due to delays in domestic blueberries supply combined with lower supplies of blueberries out of Mexico. Blackberries also got hit in February with a freeze so there’s been a huge shortage on blackberries as well. Basically, there’s more shelf space that’s driving demand.”
That makes pricing on raspberries slightly higher. “But last year was not a good year–it was a low price at this time of year and this year’s market is more in line with normal pricing. It’s similar to 2019,” says Escoe. “The prices have held too. We kept thinking supply would eventually outpace demand, but that hasn’t happened.”
Source: USDA Market News via Agronometrics.
(Agronometrics users can view this chart with live updates here)
Looking ahead, Escoe anticipates both supply and demand for raspberries to remain strong through May. “I think it’s going to be pretty consistent. But we’ll also have more raspberries available which is great,” he adds.
The News in Charts is a collection of stories from the industry complemented by charts from Agronometrics to help better tell their story.
Access the original article with this (Link)