Market Update for Stone Fruit

Cherries

Coming out of the 4th of July holiday, retailers were carrying ample supplies of Northwest cherries so overall demand this past week was expectedly flat. Most growers are stating that they are past their peak and volumes will start dropping over the next two weeks. That’s welcome news for British Columbian cherry growers who are about to harvest one of their best crops yet. Unfortunately, the spot market they are coming into has a lot of pressure. Currently, the spot market for 18# 10.5 row and larger ranges from $22.95 to $26.95 FOB, but there are deals being made on older lots. 9.5 row and larger are selling between $26.95 and $28.95. BC growers have much higher expectations for their fruit, but consumer demand will have to improve.