Lime prices spiking after tropical storm in Mexico

Markon Cooperative BB #:123315 released this lime crop update September 11, 2024:

Residual rains from Tropical Storm Francine will further drive up lime pricing in Veracruz, Mexico. Markon First Crop (MFC) and Markon Essentials (ESS) Limes are available.

Veracruz, Mexico (into South Texas)

• Persistent rains over the last several weeks are negatively impacting quality and reducing yields; prices are rising
• Expect elevated markets and limited supplies for the next two to three weeks
• New crop harvests are expected to begin in late September/early October
• New crop supplies will initially peak on small-size fruit
• Expect markets to ease starting with 230- and 250-count limes
• Markon recommends increased order lead time over the next two to three weeks to avoid loading delays

Santander, Colombia

• Limes are available for loading out of Florida; volume is slightly lower this week
• European demand has shifted towards Colombia because Brazil is enduring a historic drought
• Prices are rising, trailing slightly below Mexican fruit costs
• Quality is good; occasional scarring and light color is being reported
• Expect markets to rise over the next two to three weeks in reaction to increased demand

Please contact your Markon customer service representative for more information.