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Lime - Special Market Update 9/16/19
- Sep. 16, 2019
- Market Update
Lime Market - Latest Updates:
- lime market continues to be extremely unstable as growers are out picking very small fruit to fill demand
- market is softening a little on small fruit and large fruit continues to increase in value
- 110/150 are basically non existent at this time
- Mexico is still in a serious drought and growers are picking as quickly as possible as they fear they will begin to lose more and more fruit because the tree cannot support the fruit. They are stripping the trees to get some sort of return now. This could set up a severe shortage in the future as the 230’s and 250’s they are picking now, are the fruit that should be 110’s and 150’s 4 to 6 weeks from now. It takes approximately twice as many 230’s to make up one box of 110’s, so the overall boxes of fruit per tree are being severely reduced.
- Our representatives in Mexico have informed us what they are seeing in the area:
- High elevations had some good fruit, but there was very little fruit there.
- In lower elevations, where the majority of the crop is, there was very little fruit and the quality of fruit and trees were very very poor. They think there will be a very big shortage of fruit here soon.
- At this point we will still not give out ad or forward pricing. The fear is this market will skyrocket up as Martinez begins to run low on fruit. When will that happen? No one really knows.
- We are currently 75% 230/250 and we need your help transitioning customers to smaller sizing