Market Alert – Tomato Shortage Continues With Increased Prices

Expect increased prices on tomatoes through January.

The gap in tomato supplies continues to drive prices higher due to the weather issues experienced earlier in the year. Weather patterns in Mexico and Florida resulted in light early plantings. Supplies hurt by the weather-related light planting are also being affected by some of the Florida growers that are going out of business due to increased regulations and downward market pressure from Mexican tomato imports. The lower acreage planted in Florida, accompanied by a disastrous growing season in Mexico has resulted in the shortage that is expected to last through most of January. We need favorable, sustained weather in both Florida and Mexico to bring the tomato market back to normal.

Cherries and Grapes should start to ease in the next week to 10 days. All the others look to last until the end of January.