Skip to main content

Blueberries in Charts: With prices at their highest so far this year, will they continue to rise?


To introduce our Custom Reports Lab, I thought I would use the tool to help understand the current blueberry markets.

The Custom Reports Lab, which we released this week, allows any user of the system to cross data from multiple datasets into a single report. In the chart below we use the tool to show the prices and volumes of blueberries on the U.S. market, which, as a special treat for the launch, I built as a weekly report. Because of all the different packages used in the industry, I am using the average of price per pound to better capture the trends and help tell our story.

The U.S. blueberry market is characterized by big price swings driven by the volume of fruit that arrives to satisfy customer demand. The chart below demonstrates the relationship between the price and the volume better than just about any other commodity we work with. Looking towards the end of the chart we can see that blueberry prices have been rising steadily for the last nine weeks, culminating in the highest price we have seen this year so far. In tandem with this has been a steady drop in volumes, which was mostly uninterrupted until last week’s shipments arrived from Peru.

U.S. Conventional Blueberry Volumes and Prices

(Source: USDA Market News via Agronometrics)
[Agronometrics users can view this chart with live updates here]

So as all this is shaping up, it is important to keep in mind the historical information that precedes the current movements. Interestingly, the prices we are now seeing are almost perfectly aligned with last year, which abruptly fell in week 41. So what can we expect this year? It’s worth mentioning that the current prices levels are by no means a ceiling. Looking at 2015 we can see that the market has much farther to go.

US Blueberry Shipping Point Weekly Historical Prices per Lb

(Source: USDA Market News via Agronometrics)
[Agronometrics users can view this chart with live updates here]

When trying to understand the markets, often our best source of information is historical data. Looking at this year’s movements we can see that the volumes are surprisingly similar to in 2015.

So can we expect prices upwards of $8.23/pound this year as well? My immediate answer is that it is very unlikely, but as any good analyst would say, it depends. As a guide for how the market may react going forward, I would look at the gap in volumes between 2015 and 2017 to very roughly help explain the difference in pricing between those years.

US Blueberry Weekly Historical Movements
(Source: USDA Market News via Agronometrics)
[Agronometrics users can view this chart with live updates here]


Written by: Colin Fain
Original published in FreshFruitPortal.com on October 17, 2018 (Link)

Comments

Popular posts from this blog

Blueberry boom: Worldwide growth creates challenges for NW producers

Overview of the northwest blueberry season by Doug Krahmer of Berries Northwest, Cort Brazelton of Fall Creek Farm and Nursery, Kasey Cronquist of the U.S. Highbush Blueberry Council and Mark Hurst of Hurst's Berry Farm, complemented by charts from Agronometrics. Original published in www.capitalpress.com  on July 30, 2020 ALBANY, Ore. — On a seasonably warm July afternoon in the fertile Willamette Valley, Doug Krahmer stood between rows of organic blueberries and watched as a large mechanical harvester rolled slowly through the field, rattling bushes heavy with ripe fruit. Measuring a little more than 15 feet tall, 11 feet wide and weighing 7 tons, the harvester seemingly floated in the distance over neat rows while fiberglass rods, or “fingers,” shook the berries onto a conveyor belt that swooped them to the upper deck and into plastic crates. From there, the crates were loaded into refrigerated trucks and driven from the farm north of Albany, Ore., to a packing shed ea

Agronometrics in Charts: Demand for berries skyrockets in 2021

This time for the ‘In Charts’ series we will give an update as to how the average prices of berries have been behaving. Specifically, we will look at the prices of blueberries, raspberries, strawberries, and blackberries in the United States market and compare them with previous seasons. An increase in demand, brought on by the tendency to consume “superfoods” such as berries during the Covid-19 pandemic, seem to have pushed prices up despite the fact that volumes imported by the United States have been similar or higher than those of previous years. Let's look at each particular case: Blueberries Blueberry prices experienced a significant increase from week 3 of 2021, showing the highest prices of the last 5 seasons for the same date. If we observe the following chart, we can see that, for week 7 of 2021, the average price of conventional blueberries was $7.60 per kilo. This is 24 percent higher than in 2020 when the average price was $6.14 per kilo. Volumes for blueberr

Peru's blueberry oversupply takes its toll on export price

Overview of the Peruvian blueberry season, complemented by charts from Agronometrics.   Original published in FreshPlaza.com   on November 25, 2020  This year's Peruvian blueberry season began in June with the export of 1,010 tons worth 5 million dollars. These figures represented a 25% increase in volume and a 77% increase in value over the same month of 2019. The lower production in the northern hemisphere due to weather problems allowed producers to achieve attractive prices of $ 5.15 per kilogram in June. Volume (in Kg) of blueberry from PerĂº in the US market Source: USDA Market News via Agronometrics . (Agronometrics users can view this chart with live updates here ) The good reception of Peruvian blueberries and the increase in prices encouraged exports during July, a month in which the country shipped 4,808 tons (+ 108%) for 26 million dollars (+ 102%). In this month, the increase in the Peruvian supply generated a slight 3% fall in the typical prices of the month,