Regional dairy and produce are the primary drivers of recent inflation. Dairy future markets are trending higher due to anticipated low supply; falling diary prices over the past three years are forcing farmers to lower production in order to increase prices.
Produce impacting inflation includes avocados, green beans, tomatoes, peppers, corn, sweet potatoes, romaine lettuce, mushrooms and northwest apples. A strike in Mexico has left a critical supply on avocados. Supplies are expected to be short into early December; flexibility is recommended on grades and sizes. Other produce is also on short supply as a result of hurricanes and seasonal transitions.
More detailed information is available to our customers on a monthly basis. If you’d like to learn more about the benefits of group purchasing, contact Source1 Purchasing.