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 recession which 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.
Movement of Mexican asparagus crossing through Arizona, California and Texas are 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 for slow demand is that consumers are also shopping locally grown produce.
Peru imports of asparagus through South Florida ports of entry 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 on three larger sizes remains good. Quality is being reported as generally good. Movement of asparagus from Michigan expected to decrease seasonally. 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 product will make its 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.
