After months of increasing inflation being reported for markets worldwide, many governments have taken steps to curb price acceleration by increasing interest rates. In the complex system of global finance, this may now prove to be a contributing factor to a recession that some experts are now warning is imminent. Several key commodities, including copper, wheat, and crude oil, are showing lower prices after months of near-record increases. Part of this decrease could also be attributed to slowing markets and lack of demand, along with the gradual easing of supply chain disruptions.
The movement of Mexican asparagus crossing through Arizona, California, and Texas is expected to increase. Trading jumbo size moderate, others moving fairly slow. Currently, demand is light with very limited orders. Prices are trending downward due to the holiday weekend. It seems that there is competition for shelf space in the marketplace as there are ample supplies of summer fruits and vegetables available. Another contributing factor to the slow demand is that consumers are also shopping for locally grown produce.
Peru imports of asparagus through South Florida ports of entry are expected to remain about the same. Trading jumbo and extra-large moderate, others fairly slow. Prices small generally unchanged, others lower. Supplies of white small fairly heavy, others light to very light. European demand for three larger sizes remains good. Quality is being reported as generally good. The movement of asparagus from Michigan is expected to decrease seasonally. The remaining supplies are insufficient and in too few hands to establish a market.
Avocado crossings from Mexico through Texas for the 2021 crop season has come to an end. Movement is expected to increase as the 2022 crop season gets underway, with growers increasing harvest production. This trend will continue, and more crossings of products will make their way across the Mexican border. Trading ended up being slow, and prices were lower. A last report was issued this week on the 2021 crop season.