The supply of papayas out of Mexico continues to be tight. "There's been a shortage and it's a weather-related problem. Pretty much the whole industry is affected--it's across the board," says Lance Peterson of Super Starr International.
Papaya supply has been tight since the start of the year due to weather. "Cooler temperatures going back to October affected the plants. There was also a period where it was cool at night and really hot during the day and it wreaks havoc on the plant because it doesn't know which way to go. When it's cold, growth slows down but then when it's hot, it speeds up," says Peterson.
Before this, there was also some gapping in supply in Mexico and the supply shortage is affecting virtually all growers/shippers. In Mexico, supply is coming out of Colima and the Yucatan Peninsula.
Slightly softer demand
As for demand, it's fair but seems to be on the lower side compared to this time last year. Why that is is undetermined, though the economy could be one reason. "It's very strange for demand to be like this for this long. Normally it's a short few weeks but from the beginning of the year, it's been this way," says Peterson. "You would think with the amount of supply that's been there that pricing would be better. However because there's not that much demand, it keeps the prices from going up." He also adds that that softer demand has been seen on other products so far this year.
In all, prices right now are just a bit above this time last year.
In the coming weeks, Peterson doesn't see a lot of changes ahead. "We'll see what happens after Easter," he says. "Supply might come up just a little bit in three to four weeks but it's going to be gradual."
For more information:
Lance Peterson
Super Starr International
Tel: +1 (956) 510-8126
[email protected]
www.superstarrinternational.com
