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October 16, 2024

Market News

In the aftermath of 2 devastating Hurricanes impacting growing
operations in the Southeast, growers across the region
continue to assess damage and repairing infrastructure.
Tennessee, Georgia, and the Carolina’s took the brunt of Helene
with Central Florida taking a direct hit from Milton all within a
couple of weeks. Given the impact from these two hurricanes
fall supplies from the southeast will be severely impacted going
forward to say the least. Numerous crops have been impacted
(citrus, corn, cabbage, beans, eggplant, peppers tomato,
squash, strawberries) among others, to what extent remains to
be determined.
Hurricane Milton ripped through the Palmetto/Ruskin region of
Florida, one of the maintomato growing regions normally set
for harvests in late October and November. Early reports
indicate substantial damage to crops in the region. To the south
rains and strong winds from Milton have impacted the tomato
crop in the Immokalee region set for December harvests. Heavy
damage is likely as growers continue to assess damage across
the region.
Add to this the extreme heat out west bringing an early end to
the California crop andweather conditions contributing to light
production from Central Mexico, tomato supplies look to be at
extreme levels likely until Sinaloa production begins around
mid-December.
Given the circumstances (heat in the west hurricanes in the
east) transition supplies of the numerous crops impacted by
these weather events look to be problematic this fall.

July 20, 2023

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