Cantaloupe & Honeydews
Cantaloupe & Honeydews
Tues, Dec. 10th, 2024
Dear Ole Tyme Customers:
UPDATE: Melon shippers are facing increased demand with limited supplies. Both cantaloupes and honeydews are currently in a "demand exceeds supply" situation.
- Offshore Melons: Yields are down 30–50% due to tropical storms in Guatemala. Relief from Costa Rica and Honduras is not expected until 2025.
- Mexican Honeydews: Production is transitioning to Southern Mexico and is currently reduced.
- Market Impact: Increased demand is driving market rates higher until additional supply becomes available from Costa Rica, Honduras, or Mexico.
- Port Delays: Congestion at the ports is causing vessel delays, leading to inconsistent product availability.
- Domestic Melon Season: The season has ended.
Expectations:
- Pricing: Market prices are rising and fluctuating daily. Contracts remain a priority, and trigger pricing has been activated.
- Supply: Limited day-of supply is available; prebooking is strongly recommended.
- Substitutions: Suppliers may need to substitute with outside labels to fulfill orders.
- Commitments: Suppliers will adhere to six-week averages and contract commitments but are not accepting new contracts until conditions improve.
If you have any questions, please reach out to your Sales Representative.
Thanks,
Ole Tyme Produce