Market Update for Tree Fruit
Week of May 25 – May 31
As we head into June, California stone fruit production continues to increase week by week, although overall FOB’s remain fairly high. Produce sets around the nation are beginning to shift with more display area for summer commodities. FOB pricing on premium 2 layer yellow peaches and nectarines currently ranges from $26.95-$28.95 but we should see pricing adjust significantly lower by the first full week of June. The industry will have steady availability of white flesh peaches and nectarines and will be at promotable levels for most of the summer months. There are steady supplies of tray pack apricots and FOB’s have adjusted lower. General quotes on apricots currently range from $22.95-$26.95 with size and variety being the determining factors. Retailers will continue to offer consumers a wide range of stone fruit options in June and July with Cherries from California and Washington headlining in weekly circulars. Most retailers were promoting California cherries for Memorial Day but overall movement was just average even though retails were as low as $1.99 in some areas. Look for FOB’s on California Bing Cherries to range from $34.90 on 11.5 row, $38.90-$42.90 on 11 row, $45.90 on 10.5 row and $48.90 and higher for premium 10 row and larger.