Citrus greening disease has taken a toll on grapefruit production in Florida, and, following with the trend of the past several years, volumes are down this season. As a result, prices have been strong, and it's likely the current market will remain steady through next year.
“Grapefruit production has come down significantly in the last five years,” said Paul Genke of The Packers of Indian River. “Citrus greening has hit the entire state and has affected all varieties, so volumes are down.” Production has been steadily decreasing over the last few years. Five seasons ago, the state produced almost 20.0 million boxes of grapefruit, and this season's estimate is expected to reach 12.2 million boxes. With little fruit available, the market has been strong. Though production costs continue to rise, it will be difficult for market prices to increase any further.
“Prices are up quite a bit, though I think prices are maxed out,” noted Genke. “I think the market will remain stable because I just don't think customers will pay any more.”
