Skip to main content

Asparagus in Charts: Mexico's prices hit five-year low in U.S.


Asparagus is a product that has seen increasing consumption globally over the last few years, positioning it as a gourmet food item due to its nutritional characteristics and taste.

The two main suppliers of asparagus to the U.S. market over the last nine years have been Mexico and Peru - two of the world’s top exporters. Since 2015 there has been a sustained increase in volumes in the U.S. market, as can be seen in the charts below.

Historic volumes of asparagus arrivals in the U.S. market, by origin


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

This increase in volume is mainly due to the rise in supplies from Mexico. For example, in April 2019, shipments of 17,000 metric tons (MT) were registered - a five year high and 22% up on the same month last year.

Historic monthly volumes of Mexican asparagus in the U.S. market


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

In related to per-kilogram prices, Mexico has generally received lower prices in the U.S. market than other origins, oscillating between US$2.74 and US$4.40, the latter of which is from 2015. In related to per-kilogram prices, Mexico has generally received lower prices in the U.S. market than other origins, moving between US$2.74 and US$4.40, the latter of which is from 2015.

Historic average prices of asparagus in the U.S. market (USD/KG), but origin


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

April 2019 saw the lowest prices registered of the last five years in the U.S market, with the average price of US$1.83 per kilo, 32% lower year-on-year.

Historic monthly prices of Mexican asparagus in the U.S. market (USD/KG)


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

I believe that Mexico should focus on diversifying its asparagus markets, positioning itself as a leader in other markets not just for the fresh market, but the processed market, winning space on the tables of consumers around the world.

Written by: Cristian Crespo
Original published in FreshFruitPortal.com on May 28, 2019 (Link)

Comments

Popular posts from this blog

The table grape industry is in uncharted territory right now

Overview of the potential impact of COVID-19 on future grape supply and price, by Ira Greenstein of Direct Source Marketing, complemented by charts from Agronometrics.



Original published in FreshPlaza.com on March 24, 2020

While the Chilean and Peruvian grape seasons are winding down and their weekly volumes are decreasing, the table grape industry has seen an uptick in demand in the past weeks. This is partially a result of the high retail movements due to the coronavirus panic-shopping of the past few weeks. Ira Greenstein of Direct Source Marketing says: “A month ago, importers had a real concern that the industry wouldn’t be able to move through the condensed volumes and huge inventories would be sitting in cold storages. That sentiment has completely reversed with substantially increased retail demand due to the COVID-19 pandemic.”

With the lower volumes but increasing demand, the cold stores are rapidly being depleted and spot market pricing is expected to continue to increase, …

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 east of Po…

Avocados In Charts - Prices are falling and why are they likely to settle below 2018

Agronometrics has often spoken about what is to come and how the market could be affected. We hold a strong belief in being able to look at objective data can help navigate complicated scenarios. The recent spike in prices that avocados have seen is an example of one of these scenarios, catching many by surprise at a time of the year where we had never seen movements like this before. This can be seen in the chart below where the 2019 line has towered above all other prices since Sept. 2017 and every price recorded for June in the last five years.

Historic Hass Avocado Prices


Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)
Comparing the volumes of this year to the last can offer some insight as to how these prices have come about. Considering the prices were almost flat last year, the volume data serves as a great benchmark to understand where customers expectations lie.

In this year’s data, an important oversupply can be …