In 2023, global lettuce prices saw a sustained increase during both the first and second quarters, primarily driven by limited food product supply due to extreme weather conditions. In North America, heavy rains and storms delayed planting seasons and caused crop damage, resulting in declining lettuce stocks.
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Below-average temperatures further exacerbated farming challenges. This supply shortage created a demand surplus, not only in the US but also in Asian countries. Additionally, food price inflation stemmed from global economic pressures, post-pandemic effects, supply chain disruptions due to the Russia-Ukraine war, labor strikes, and rising consumer demand. Increasing interest rates also contributed to the upward lettuce price trend.
Lettuce is a leafy, edible plant belonging to the daisy family, Asteraceae. It is cultivated for its tender, green leaves, which are commonly used in salads, sandwiches, and various culinary dishes. Lettuce comes in different varieties, including iceberg, romaine, and leaf lettuce, each offering distinct shapes and textures. It is prized for its crisp, refreshing quality and mild, slightly sweet flavor. Lettuce is rich in vitamins, minerals, and dietary fiber, making it a nutritious addition to diets. Its properties include a high water content, which contributes to its hydrating and low-calorie nature, and versatility in various culinary applications.
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Lettuce in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Lettuce Price trend, including India Lettuce price, USA Lettuce price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Lettuce, primarily grown for culinary and dietary purposes, doesn’t have extensive industrial applications. However, it does play a role in the food processing industry. Lettuce is processed into pre-packaged salads, fresh-cut lettuce mixes, and salad dressings, extending its shelf life and convenience for consumers. Additionally, some compounds extracted from lettuce may be used as natural food additives or ingredients in certain processed foods. Despite its limited industrial uses, lettuce is a significant crop globally, serving as a staple in the culinary world and contributing to the fresh produce and food processing sectors, meeting consumer demands for healthy and convenient meal options.
Agriculture experts predict that lettuce prices will likely increase starting next month and may continue to rise well into the summer as flooding in a significant California producing region serves as the latest illustration of how extreme weather may affect the food supply. Since the start of the year, the Salinas Valley, where a sizable portion of lettuce and other produce consumed in North America is grown, has seen intense rain and storms. (Dated: 27 March 2023)
Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients with up-to-date and pioneering practices in the industry to understand procurement methods, supply chains, and industry trends so that they can build strategies to achieve maximum growth.
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