Tight lime market expected in August

Lime prices are rising and may keep going as supplies become less available.

In a report to buyers this week, Markon Cooperative BB #:123315 said to expect prices to increase steadily throughout August and potentially into the first half of September due to reduced availability.

“Hot, humid weather has tightened supplies in the main growing region of Veracruz, Mexico,” Markon said. “Mexican stocks are tight due to inclement weather from recent tropical storms. All sizes are available, but 110- and 150-count fruit is snug. Overall quality is good: light color and oil spotting has been reported during the grading process.”

The USDA’s weekly shipping point report from August 2 says movement is steady but prices have started to rise, especially on 200s and smaller.