MARKET UPDATE 06.06.25

Good afternoon,

A significant rain event resulted in severe damage to GRAPE vines in Mexico. Where we were just looking at favorable volumes and overlapping supplies a few days ago, one Tropical Storm set things back significantly. The good news is that the damage was isolated to mostly Northern Mexico, meaning the shortage should be short term. The area in California that produces the majority of the state's volume, the San Joaquin valley, was left unharmed. In about two to three weeks, we will be into SJV fruit but until then we will see some turbulence in GRAPE markets.

As Canadian CARROTS are finished for the season, Mexican supplies look to pick up where our northern neighbors left off. The same tropical storm affecting grapes, also wiped out a significant supply of CARROTS. Loss of product as well as the lack of opportunity to harvest in the rain are both a problem. It will take time for things to dry out before crews and heavy harvesting machinery can get back into the fields. Once crews get out and asses this weekend, we will have a better estimate of what to expect in the weeks ahead.

Desert MELONS are trending towards larger sizes, leaving 15ct loupes and 8ct dews few and far between. Volumes, however, are strong so pricing is coming off fairly quickly to start the season. Specialty MELONS like the HAMI GOLD melon, personal WATERMELONS, TUSCAN MELONS and more are all getting started for the summer!

This week is more or less a bridge week for CHERRIES. California supplies are steady but struggling to keep pace with demand while Washington fruit is barely ready for harvest. Projections in pricing for this week out of WA shot up significantly once growers realized the slow start and limited California fruit on the market. That doesn't change the bumper crop expected out of WA this year, so give it a couple weeks and pricing will start to drop... hopefully significantly!

More as it happens,

Parker Tannehill