As reported in January, Mandarin Oranges have proven to be difficult this year. Product continues to be in short supply due to no carry-over from the previous year, bad crop conditions, and a decrease in labor pool. Prices have increased dramatically over the past 2 months, with increases as high as 20-25%. Whole Segments in Juice are the most difficult to secure at the moment. Many suppliers indicate they are sold out completely until new crop.
We expect prices will continue to hold at these higher levels until new crop begins. The challenge will be securing enough product to hold until the new crop.