Market Alert Center

 
 

We believe transparancy and communication are key in any relationship. Any time there's a significant market alert, we'll post updates here and continue to update you, your business, and your customers.

For alerts specifically related to food safety, visit chefhero.com/foodsafety


Nov. 22, 2018
Canada, United States

 

“Act of God” pricing due to Romaine Lettuce Situation

With the developing situation regarding concerns around Romaine Lettuce, market prices of substitute products are expected to rise drastically in the coming weeks due to increased demand.

Based on market projections, ChefHero recommends substituting Green / Curly Kale whenever possible on your menu. Prices for kale are expected to remain stable.

Projected Market Pricing Changes

As a side-effect of reduced demand for romaine lettuce, pricing for substitute products is expected to rise between 30% and 60%. Industry sources are declaring an "Act of God" on multiple leafy green commodities, which will result in extreme increases in substitute products, expected market-wide.

 

Prices in CAD

Ingredient Price Today / Oz Expected Price / Oz  Price Increase
Iceberg Lettuce

$0.18

 $0.29

 +60%

Spring Mix $0.27 $0.43  +60%
Arugula, Baby

$0.30

 $0.39

 +30%

Green Leaf Lettuce

$0.15

 $0.20

 +30%

Red Leaf Lettuce $0.19  $0.24  +30%
Baby Spinach

$0.21

 $0.29

 +40%

Baby Kale  $0.47  $0.68  +45%
Heritage Blend

$0.30

 $0.48

 +60%

Prices in USD

Ingredient Price Today / Oz Expected Price / Oz  Price Increase
Iceberg Lettuce

$0.11

 $0.18

 +60%

Spring Mix $0.27 $0.43  +60%
Arugula, Baby

$0.36

 $0.47

 +30%

Green Leaf Lettuce

$0.11

 $0.14

 +30%

Red Leaf Lettuce $0.10  $0.13  +30%
Baby Spinach

$0.23

 $0.32

 +40%

Baby Kale  $0.32  $0.47  +45%
Heritage Blend

$0.28

 $0.44

 +60%

Substitute Products

For owners and chefs looking to offset rising food cost, ChefHero suggests using Green / Curly Kale as a substitute for any menu items using the above ingredients. As of today, Green / Curly Kale, currently listed as $0.13 /oz (CAD) and $0.10 /oz (USD) is not expected to be subject to the same price increases as the items listed above. 

Note: Pricing expectations are educated forecasts based on market insight, historical trends, and observation, and are provided for educational purposes only. VendorHero Inc. does not guarantee any outcome regarding market pricing, demand vs. supply or any other forward-looking projections and provides this information as a service and courtesy to our valued customers. Calculations are based on single ounces, approximate market value at time of communication and projected market increase %s. 


Nov. 12, 2018
United States

 

Avocado Shortages Nationwide— US

Notice: Extreme Temporary Shortage of Avocados 

Due to the continuing strikes in Michoacán, Mexico, avocado supplies for the entire nation have been becoming increasingly scarce. This has resulted in price increases for the remaining supply, as demand currently far exceeds supply. 

How long is the strike expected to last?

We are currently working with our suppliers to monitor the situation. Unfortunately, the supply situation depends heavily on the workers strike in regions that supply the nation's avocados. A similar situation occurred in 2016 and lasted for several weeks.

We will continue to update you on the strike, and also recommend coverage from sources such as The Packer and Fresh Fruit Portal for up to date news. 

What can I do? 

While we wait for the situation to resolve itself, the best course of action is to remain aware of market prices and adjust your budget accordingly. While we hope that the situation will resolve soon, there is a real possibility that supplies will be exhausted at some point in some regions. Consider temporary menu changessubstitutions and diner education as workarounds.

Stay tuned for more updates as the situation develops. 

- Nilam Trivedi Desai,
Vendor Success Manager


 
 
 

This information is provided for educational purposes. If you have any concerns regarding any of the information published on this page, please reach out to our team and locate the original source documentation surrounding official warnings.