Pear

Industry drivers

Normal size 2023 crop expected in the Northwest

Pear Bureau Northwest estimates 15.2 million standard box equivalents for 2023, on par with the five-year average. Quality and size profiles (balance between small and large fruit) are reportedly good across growing regions.

Northwest Pear Crop Size

Source: Pear Bureau Northwest, 2023-24e: Estimate.

Demand steady

The industry is generally optimistic regarding market conditions as consumers continue to desire pears. Prices on Bartlett and Bosc varieties softened recently as the new crop hits markets.

Season-to-Date Prices by Variety

Source: WSTFA September 20, 2023, Weekly Summary Bulletin Report. N/A: Not Available.

Elevated interest rates lower margins

The cost to carry inventory and/or large amounts of inputs is rising, as is borrowing for capital expenses. Rising interest expenses reduce margins and thus profitability, especially for operations with more variable rate financing. Please refer to our Quarterly Economic Update for more information on interest rates.

Profitability

Pear producers will likely see slightly profitable conditions over the next 12 months. Pear Bureau Northwest estimates a normal size, good-quality crop. Elevated interest rates and softening prices may pressure profitability; however, most in the industry expect favorable market conditions for the 2023-24 season.