Market Update for Stone Fruit

Week of June 8 – June 14

Marketers with early offerings of Washington cherries were taking advantage of the empty pipeline and spot FOBs ranged from $75.00 to $80.00 for 9.5 row and larger. This trend is adjusting significantly as peak volumes of Northwest cherries are right around the corner. Retail promotions for the 4th of July are locked and loaded, and spot market pricing is dropping and should support $2.99 to $3.99 retails. There is a chance of rain in the forecast this week, but cool temperatures throughout the northwest should minimize any potential risk. Currently, the spot market for 10.5 row ranges from $44.90 to $46.90, but we could see prices drop below $40.00 dollars by the 22nd of June. Premium 9.5 row pricing should hold between $44.90 and $46.90 by the time retailers start pulling for the 4th of July. All in all, the stars are aligned for marketers and retail to make a real splash for our country’s 250th independence celebration.

 

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