Demand for green onions remains strong, far exceeding supply. Industry volume is down 50-70% due to another storm last week.
- Ready Set Serve Green Onions are limited; packer label is being substituted
- Thunderstorms in Mexicali, Mexico (the primary growing region) late last week led to widespread power outages, flooded fields, and hail-damaged crops
- Muddy, wet fields are slowing harvesting
- Onions will require extra time to dry before packing
- Wet onions will be soft and may develop rot and decay
- Reports of 30-50 acre ranches being completely lost due to storm damage have placed further stress on the market
- Several shippers could not get product packed and across the border this past weekend and early this week due to lack of power at sheds
- Muddy, wet fields are slowing harvesting
- Prices are climbing and will remain elevated through October
Please contact your Markon customer service representative for more information.