Green bell pepper prices are rising; supplies are tightening across the country. Expect elevated markets for the next four to six weeks while the crop begins transitioning south for the winter months to the Southern California desert area, Florida, Georgia, and Western Mexico. Red bell pepper prices are low with plenty of supply in California for the foreseeable future.
Hurricane Florence could have a major impact on East Coast green bell pepper prices in the weeks to come. North Carolina plays an important role this time of year in bridging the gap between Michigan and Georgia. If growers in North Carolina get hit with heavy rainfall this weekend, it will end their season early. This will put a lot of pressure on Michigan to harvest as late in the year as possible, and Georgia to start harvesting early. Both of these growing areas are approximately two weeks away from ending and beginning. It will all come down to timing.
Meanwhile, local growing areas across the country are winding down and speculation that North Carolina will be out of commission after this weekend has many eastern vegetable buyers moving to California and Mexico supplies to fill their orders. Demand is increasing on the West Coast this week; suppliers are raising prices and turning down orders. Relief is not expected until stocks from the Southern California desert region, Florida, Georgia, and Western Mexico ramp up in late October/early November.
Please contact your Markon customer service representative for more information.
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