Sysco’s Market Corner is a weekly report covering key commodity outlooks to keep you informed and support you in managing your business. Reports are produced every Friday.
Lemons – District 1 fruit is mostly Large (115 & lgr). Consequently 140s & smaller are very tightly supplied. D2 Lemons have a larger size structure as well due to the rain in SO California this winter. The lemon market will continue to be tight throughout the summer until imports start to arrive.
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Broccoli - Market mostly steady to a bit lower as volume is fairly steady and meeting demand.
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Grains / Oil – Soybean oil was slightly higher last week. South American harvest is just about done but there are rumors of Argentinian strikes are causing export delays. Wet weather in the US has slowed planting but it’s not a concern. Soybean oil is bearish. Palm is tight with production concerns. Canola is moving with soybean oil.
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Seafood – While food service sales remained stable during the Lent season, escalating labor, energy, and other operational costs have led to an increase in prices. This poses a challenge to sustaining sales throughout the year. Post the Lent season, the anticipated surge in summer demand is expected to stimulate shrimp sales.
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