"The primary lime production region of Mexico - Veracruz - has been affected by heavy rains the last few weeks," according to Liliana Alva of Art Mx. "The rains are stemming from the tail end of the rainy season and are making life hard for growers. "Not only are they experiencing difficulties during harvesting, but quality is also being monitored, although at this stage lime quality remains OK," Alva added.
"Due to all the rain the last few weeks, there has not been much cutting done in Veracruz," Alva shared. "The rain hasn't affected the fruit too much but we are always on the lookout for scarring and decay which typically happens when it rains. So far, lime quality remains good and supplies are OK."
Market keeps dropping
Earlier this year, prices for limes were very high as the industry faced huge demand and limited supplies. However, over the past few months, prices have slid and the market is now quite low. This is due to the fact that there are still a lot of limes entering the US market from Mexico, despite the challenges posed by the seasonably heavy rains.
"The market is bad," Alva stated. "Prices continue to drop due to the amount of limes that are coming in from Mexico. Supply is exceeding demand and with the holidays, that demand further slows. It's unclear when prices will rise again. Early last week, prices were seemingly on the recovery, however by the end of the week, they had dropped back to the low levels we have experienced the previous few weeks."
Own label on packaging coming soon
Art Mx has been shipping limes under a generic label. However, the company realizes the value of having their own label and are in the process of developing one now.
"When it comes to packaging, Art Mx has been using a generic label," Alva noted. "However, we want to introduce our own label and are currently working on it. We hope to have our own box very soon."