Asparagus in Charts: Large Mexican supplies hit pricing this fall

The U.S. asparagus market has over the last 26 weeks been supplied mainly by Mexico and Peru, along with smaller supplies from the states of Michigan and Washington, as can be seen in the chart below. This has been the case for many years.

In this article, I will look more closely at the volumes and prices of Mexican asparagus in the U.S. market, and what has been happening over recent weeks.

Over the last several weeks, volumes of Mexican asparagus in the U.S. have been the highest in five years over that period.

This has coincided with a fall in supplies of Peruvian asparagus, exports of which have been affected since the 2017-18 season when the El Niño weather phenomenon hit the country. But Peru is expected to overtake Mexico as the leading asparagus supplier to global markets.

Meanwhile, prices have been the lowest in recent years over that period. In week 43 average reported prices were US$15.48 per box, compared to US$17 the previous year.

HVolume (KG) of asparagus from Mexico in the U.S. market

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

Written by: Cristian Crespo F.
Original published in FreshFruitPortal.com on November 03, 2019 (Link)