Market Update for Cherries
Week of August 8 – August 14
We typically see declining volumes from Washington in the month of August. Some growers with heavy inventories will continue to offer aggressive pricing, while others that are now winding down will look to get FOB’s back up to over $50. Growers from British Columbia have been waiting in the wings to see how Washington will finish, but they are just as unsure of how to market their crop. After the extreme heat in Washington takes its toll on the remaining crop, the fruit from BC will be fresher and stronger. It will certainly be interesting to see how growers in British Columbia deal with this challenging market.