March 05, 2021 | Industry News
Spring 2021 Regional Market Report News
Major Weather Conditions
Crops affected – Water Chestnuts
The Water Chestnut harvest in the Winter of 2020 was particularly fruitful due to a rainy growing season. The fruit grew to a larger than average size, which is seen as especially valuable by the fresh market. Farmers therefore allocated a larger supply of material to the fresh market, causing a lower availability of product to the canning facilities. Despite this, Roland Foods has secured a steady supply of Water Chestnuts for the 2021 season.
Crops affected – Anchovies
Supply of Anchovies in Peru are predicted to be relatively stable throughout 2021. Due to the upwelling zones within the Humboldt (Peru) current, biological diversity is extremely rich in Peru. The current is considered a Class I, highly productive ecosystem, and enables the area to catch around 5.000 million kgs of fresh Anchovies per year.
Crops affected – Artichokes
Spanish Artichokes suffered a low peak harvest period (December and January) due to cold weather that caused a significant portion of the raw material to freeze. The unseasonal climate, in addition to the change in foreign exchange rate, has impacted pricing for the current season. To discuss potentially affected items, please contact your Account Manager.
Crops affected – Extra Virgin Olive Oil
The 2020 Extra Virgin Olive Oil harvest in Italy was abnormally sparse, which resulted in only a third of the expected production and potential cost increases. Our team is partnering closely with our suppliers to minimize any interruptions and hope to see reprieve during the next harvest (March and April).