Grape prices remain high on lighter volume

Markon Cooperative BB #:123315 released this grape market update this week: Grape markets remain elevated. The California grape crop will be lighter this year due to quality challenges...

Press Release
October 6, 2023
2 min read

Markon Cooperative BB #:123315 released this grape market update this week:

Grape markets remain elevated. The California grape crop will be lighter this year due to quality challenges caused by rain from Tropical Storm Hilary.

California

  • California-grown Markon First Crop (MFC) Lunch Bunch Grapes and Markon Essentials (ESS) Grapes are available
  • Red and green seedless grape prices remain elevated; expect markets to continue rising in November
  • Tropical Storm Hilary’s rain damaged crops; California’s crop is estimated to incur a 20-25% loss
  • Quality issues include bursting skins and fungus within the clusters, causing grapes to rot and decreasing available supply dramatically
  • Markets are expected to be steady in October; extremely low volume is anticipated in November which will elevate pricing once again

Chile/Peru

  • Offshore grapes are expected to arrive in the U.S. by early December
  • Export demand will be higher than past years due to limited supply from California
  • Markets are expected to be higher than previous seasons

Please contact your Markon customer service representative for more information.

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