February 7, 2023

Ag Economy

Fruit Industry Snapshot

Apples

  • U.S. fresh apple holdings on December 1, 2022 totaled 93.4 million bushels, 6.8% less 
    than the inventories reported last December and 14.5% less than the December five-year average. New York apple holdings totalled 9.58 million bushels, 11% below last year.1
     
  • The Eastern NY crop was smaller than expected. Fruit size is somewhat smaller than last year due to lack of water, even though most orchards irrigate. Pricing is similar to last year, and movement is good.

Cranberries

  • Many new cranberry beds have been developed in Massachusetts over the last year. 2022 looks to be a good year for both quantity and quality, an improvement over last year’s short crop in Massachusetts. Pricing has been stable from the previous year, although a slight increase has been seen in independent market pricing over last year.

Wine/Craft Beverage

  • Wineries in the Finger Lakes region of NY have reported that customer traffic has declined from last year, bringing it closer to pre-COVID averages, while maintaining some of the increased average transaction size. 
 

1USApple

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