Market Update – Grapeman Farms (1.8.26)

Executive Summary:

• Market Overview –
  Peruvian green pricing remains under mild pressure, while West Coast markets stay stable due to limited availability.
  • Supply Synopsis –
  Peru and Chile are tracking close to last season year to date as North America continues to absorb the majority of volume.
  Minor rain events in Peru.
• Other Markets –
  More information to come in our next report.

Market Dynamics:

1. Pricing:
   Peruvian green grape pricing has been under pressure over the last few days, with the
   second higher tier segment (Sweet Globe) now trending lower.

   Floor pricing within the same color has also decreased. However,
   regardless of variety, the sub $30 price level
   has seldomly been breached.

   Red seedless grapes have maintained stable pricing. The
   black seedless segment is already showing
   high $20s pricing for specific varieties, and the
   top end price has declined by approximately $2.

   The West Coast market continues to be
   protected due to limited product availability, and
   pricing in that region has remained stable.

2. Promotional Activity:
   The total number of stores currently promoting grapes stands at
   9,012, compared to 11,337 last week and
   7,010 during the same period last year.
3. California Sales:
   California grape shipments totaled 101,099 boxes, compared to
   252,882 boxes last season.

Supply Overview: Global Origins

1. Peru:

• Total Shipments: Week 1 shipments are not completed.
• Markets Distribution: North America leads at 52.1%.
• U.S. Shipments: 25.7 million boxes shipped.
• Rain Events: Minor rain events with no material damage.

2. Chile:

• Total Shipments: Approximately 1.2 million boxes.
• Markets Distribution: 70.2% directed to the U.S.
• U.S. Shipments: Strong East Coast concentration.

3. Last 3 weeks combined shipments: