Grape prices remain high on lighter volume

Markon Cooperative BB #:123315 released this grape market update this week:

Grape markets remain elevated. The California grape crop will be lighter this year due to quality challenges caused by rain from Tropical Storm Hilary.

California

• California-grown Markon First Crop (MFC) Lunch Bunch Grapes and Markon Essentials (ESS) Grapes are available
• Red and green seedless grape prices remain elevated; expect markets to continue rising in November
• Tropical Storm Hilary’s rain damaged crops; California’s crop is estimated to incur a 20-25% loss
• Quality issues include bursting skins and fungus within the clusters, causing grapes to rot and decreasing available supply dramatically
• Markets are expected to be steady in October; extremely low volume is anticipated in November which will elevate pricing once again

Chile/Peru

• Offshore grapes are expected to arrive in the U.S. by early December
• Export demand will be higher than past years due to limited supply from California
• Markets are expected to be higher than previous seasons

Please contact your Markon customer service representative for more information.