Article by: Hari Yellina
Commodities account for two-thirds of Australia’s total export value. The terms of trade, the Australian dollar, national income, and aggregate demand are all influenced by the prices of these commodities. A deeper knowledge of the underlying determinants of commodity price shifts – supply and demand – can help us predict how long a price shift will endure and how it will impact the Australian economy.
Tomatoes grown in greenhouses are in plentiful supply right now. They are currently being shipped from different growing areas across Canada, the United States, and Mexico. Ray Wowryk, Director of Business Development for Nature Fresh Farms in Leamington, ON, says, “We predict that this strong supply to persist as we approach the crossover season of the winter and spring crops.” “In comparison to the 2021 Ontario season, we should anticipate similar volume.” There will be plenty of advancement opportunities throughout the spring and summer beginning in April.”
Nature Fresh Farms’ Sales Office Manager, Zanelle Hough, said that as the season progresses, production will predominantly come from its Canadian and American businesses, with excess supply coming from its Mexican grower base. “Normal seasonal markets are expected throughout the spring and summer months, with no significant supply difficulties on the horizon,” says Hough. “This makes greenhouse products excellent for promotions during the spring and summer months.” Meanwhile, demand for greenhouse commodities remains high. “Local is a priority for all of our consumers, and greenhouse products like tomatoes, cucumbers, and peppers are popular things to advertise on weekly print and digital ads,” says Wowryk, who adds that demand for high-flavor Snacking Tomato-On-The-Vine types continues to climb. “We believe we will continue to have a favourable impact on this category’s overall growth.”
Nature Fresh also has ideas for all three tomato, pepper, and cucumber commodities that will be released in the near future. “We welcome all buyers to stop by and allow us to share our creative offerings for the forthcoming season,” Hough says, referring to the upcoming CPMA trade event. Meanwhile, labour remains a major issue for the sector. “With this in mind, our team continues to place a premium on technology and innovation.” Increased input costs, as well as increases in all forms of packaging,” Wowryk adds.