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Pear producers will likely see break-even to slightly profitable conditions over the next 12 months. Prices have softened; however, they remain high enough for many producers to achieve profitability. Export growth is slowing due to higher shipping costs and this may further soften prices.
Prices soften
Average pear prices fell moderately for Bosc and D’Anjou varieties in the first quarter, largely due to the oversupplied apple market and to a lesser extent, mixed fruit quality. Pear prices often follow apple prices and Bosc pears didn’t sufficiently russet or develop rough, reddish-brown skin. Producers who sold early in the season benefited from higher prices and will fare better than their counterparts. With that said, average sentiment among producers is moderately favorable.
Season-to-date prices by variety
Source: WSTFA March 13, Weekly Summary Bulletin Report. N/A: Not Available. YOY: Year-over-year.
Export growth slows
Pear export growth is declining due to rising shipping costs and season-to-date levels are flat year over year. Low water levels on the Panama Canal, escalating conflict on the Red Sea and rising energy prices are impacting global shipping costs. Lower international demand could further soften prices. See our Crop Inputs Snapshot for more information.
Spokane, WA | April 4, 2024
posted by AgWest Farm Credit
Spokane, WA | January 24, 2024
posted by AgWest Farm Credit
Spokane, WA | October 4, 2023
posted by AgWest Farm Credit
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