Limes in Charts: Prices double in just one week
By
| 30 August 2019
Limes are seeing a massive increase in prices in the U.S. market. They doubled from $16.83 Wednesday last week to $34.17 on Wednesday of this week.
Non-Organic Lime Prices (40 Lb Cartons)
Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)
Although lime prices are not strangers to sudden price rises, these usually happen between February and May. This particular jolt in pricing therefore stands by itself against the last four years of much more stable pricing data.
Historic Non-Organic Lime Prices (40 Lb Cartons)
Source: USDA Market News via Agronometrics. (Agronometrics users can
view this chart with live updates here)
The price spike comes as a drought affects Mexican lime production. Maglio Companies this week reported that the drought is lasting longer than expected and supplies will start to get tight as the weeks go on.
Written by: Colin Fain
Original published in FreshFruitPortal.com on August 30, 2019 (Link)
