Fresh produce market prices have been quite variable in the weeks since the COVID-19 crisis began in March.
In this blog post, I am going to track the average f.o.b. price of several commodities in relation to the average terminal market/wholesale price, expressed as a percentage.
In my thinking, the lower the percentage is the stronger the overall market demand at the wholesale level, at least relative to the shipping point market.
Let’s look at a few examples:
