Lettuce-and-chicory-price-united-states
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This report provides an in-depth analysis of the lettuce and chicory market in the U.S..
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During the pandemic, demand for lettuce in the HoReCa sector fell but was offset by growth in sales to the retail segment. The balance between supply and demand on the market was maintained due to a large lettuce harvest in 2020, an increase in imported supply, and a decline in exports. This enabled prices to remain stable. For the past five years, the share of organic lettuce on the market doubled, reaching 7% and will continue to grow.
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In October 2022, Vegetable imports experienced their most rapid growth pace, with a 39% increase compared to the previous month. In terms of value, vegetable imports slightly expanded to $243M in August 2023.
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In August 2022, the vegetable price per ton amounted to $1.1K, approximately equating the previous month.
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In June 2022, the vegetable price per ton stood at $1,344 per ton in June 2022, rising by 17% against the previous month.
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In 2021, after three years of growth, there was decline in the U.S. vegetable market, when its value decreased by...
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The volume of imports in the U.S. fresh vegetable market is forecast to increase from 8.9M tons in 2021 to 9.3M tons in 2022. In monetary terms, imports should decrease from $10.5B to $10.3B with an expected price decline. Throughout January-October 2021, American purchases totalled 6.9M tons, which was 5.5% more than in the same period last year. Mexico, Canada and Peru remain the key suppliers for the U.S., accounting for 95% of its total import volume.
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Fresh vegetable consumer prices in the U.S. increased somewhat noticeably in Q1 2021 but then decelerated in Q2, relaxing slightly against the ongoing food price rally. Owing to the spate of lockdowns and the restructuring of the supply chain, production growth has failed to keep pace with the robust demand spurred by the counter-pandemic financial support measures. Rising production costs and increasing demand for biofuel-oriented oil crops also contribute to tangible food inflation.
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In April 2023, the chicory price amounted to $1,103 per ton (CIF, US), with a decrease of -12.8% against the previous month.
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The most prominent rate of growth was recorded in 2018 when imports increased by 22% y-o-y.
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Explore the top import markets for lettuce and chicory across the globe, including key players such as Germany, Canada, and the United States.
