MARKET UPDATE 04.24.26

Good afternoon,

The first CHERRIES of the season are available for loading next week! Although crops have seen plenty of rain this week, we are bringing in light quantities to have some supplies to start off the season. This first lot will be 8/2# bags out of California, with clamshells available the following week.

FLORIDA supplies have finally rebounded post freeze! Although the freeze took place back in February, damages were so severe that nearly all TOMATOES, PEPPER, EGGPLANT, and CUCUMBERS needed to be replanted. This short window of recovery for Florida crops will be a breath of fresh air for markets as supplies begin to move North for the summer.

HEAVY RAIN in California has led to shortages across the industry! From Southern California up to Salinas, several inches of rainfall have been caused setbacks to several commodities.

Fill rates for BROCCOLI and CAULIFLOWER orders are currently processed at 30-40% of averages or less. Inventories will be tight next week and prices will be high. Rain is the main culprit, but many shippers were more than 3 weeks ahead of harvest schedules, and like we mentioned in early March, an eventual gap in supplies was inevitable.

LETTUCE markets are up as well due to the rain with ICEBERG nearing seasonal highs. ROMAINE and ROMAINE HEARTS are less affected, but those markets are catching up as the week progresses.

OFFSHORE MELONS continue a solid run of availability. Although some sizes are limited, 15ct CANTALOUPES for example, supplies are sufficient here in South Florida. It seems the offshore crop will overlap with Mexican fruit, that should then overlap into domestic MELONS.

More as it happens,

Parker Tannehill