29/11/2024
MARKET UPDATE 😍
Thanks to Box Divvy St Ives - Torokina for highlighting all those delicious deals 😋
⚡️Market update⚡️
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⭐️ In fruit, most things are about the same as last week, which – on this occasion – is absolutely PERFECT: stone fruit galore – now also with 5kg boxes of Apricots – in addition to the cherries, nectarines, peaches and mangoes.
⭐️ Strawberries, bananas, lychees (slowly) and passionfruit are easing, watermelon is still cheap, Valencias are beautiful (they nearly made it into the video, until there was a sudden and unexpected outbreak of sanity. Not that they weren’t worth the space, but the season is still young – stone fruit feels more NOW).
⭐️ And by-the-way, if you can’t get through the boxes of apricots, peaches or nectarines, you can always dehydrate in a warm oven (60-65 C) fan-forced oven for 2-3 hours or until they are ‘leathery’.
⭐️ Whilst lemons are creeping up, limes are coming down in price: time for a Mojito?
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⭐️ In vegetables, the big news is in Truss Tomatoes: an estimated 60,000 trays will be arriving at the Sydney markets over the coming days (around 6000 of those will be from K-Fresh Farms – via our supplier Kazzi). The going rate for the 5kg trays is somewhere around the $3-4 level – less than 80c per kg. Some independent retailers - to their credit – are selling them virtually at cost. Others – mainly supermarkets – seem to be selling truss tomatoes at between $4 and $7 a kilo, which implies hefty mark-ups in the region of 400% - 700%. If correct (and supermarkets won’t be telling us what they’re paying the grower – commercial in confidence and all that), then:
1. They are quite likely profiting from the growers’ misery, and
2. Hardly contributing to stimulating demand, even though with a dominant market share, they would be better placed to help out growers than anyone else.
⭐️ Our solution: we are paying the grower at his break-even point of $8 a tray – double to market price – and selling them to our members for $10 a tray. Low enough to stimulate demand, but at least the grower doesn’t lose a bundle.
⭐️ In other vegetable news, local corn from Manuel Xerri has started: pretty clean cobs for $1.30 each.
⭐️ Grech & Borg are supplying spring onions. They’re not shallots, they’re not eschalots – they have a green stem and a medium sized white onion underneath. Although they are similar to shallots, they have a small white immature bulb at the end of the stem. They’re perfect for braising or slicing, or adding to soup, stir-fries and salads. They are $2.60 a bunch.
⭐️ We’re also changing from Imported garlic to local garlic: this has been around for a few weeks but initially at unreasonable prices. This week however, they’re down to under $24 a kilo. They are sourced from Tooley Garlic in Nyah, Vic on the Murray River, 20 mins north of Swan Hill.
⭐️ Most vegetables remain good value, especially capsicums, cucumbers, eggplant, lettuce, cabbages (green cabbages from Kazzi at $2.77), leafy greens, beetroot, tomatoes and herbs.
⭐️ Broccoli, pumpkin and cauliflower remain a little elevated, and potatoes are still problematic.