Continued large supplies likely to temper cranberry prices

Continued large supplies likely to temper cranberry prices

U.S. supplies of processed cranberries will likely remain large despite a small drop in forecast production for 2014, continuing downward pressure on cranberry grower prices. Cranberry production in 2014 is forecast at 8.57 million barrels (100 lbs each), down 4 percent from the record 2013 output, but still the second largest on record. Weather conditions reduced yields in Wisconsin, the largest producing State which accounts for about 60 percent of production, but generally favorable weather benefited the crops in Massachusetts, Oregon, and Washington. Following consecutive large harvests during 2011-2013, grower prices dropped 33 percent from $47.9 per barrel in 2012 to $32.3 per barrel 2013. This decline mostly reflected lower prices received for processing-use cranberries, which account for about three-quarters of domestic sales. For 2014, continued weak demand for some processed products and above-average beginning inventories signal continued weak grower prices. Find this chart and additional analysis in Fruit and Tree Nut Outlook: September 2014.


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