Market Update for Stone Fruit

Week of June 17 – June 23

Washington cherry marketers have themselves in a bit of a quandary, as spot market pricing is considerably higher than the aggressive commitments they made back in May. Expectations had them competing with California, but weeks of cool weather has pushed their peak production back by at least 10 days. The difference in pricing was more than $20.00 per box in some cases last week. This week looks to be just as short, with warmer weather finally coming mid-week. Volumes will hopefully pick next week but expect strong demand to continue through the 4th of July. The spot market will have a very wide range from grower to grower, with some marketers looking to test pricing over $50.00 and others attempting to close the gap between cheaper programs. Look for the mostly market to range from $44.95 to $46.95 for 10.5 row, and $50.00 plus for 9.5 row and larger.