Market Update - May 26th to June 8th, 2018
Product of the Week
Iceberg lettuce prices fell across all our suppliers this week, making it a good time to take advantage.
Pricing trends are an aggregate of all our vendors. What information are we basing this report on? Our team is always in contact with our network, from our dedicated suppliers, to our own reps with their ears on the street.
Market Updates and Industry News
1. Marketing and Operational Trends: Restaurant Business Online shared a great roundup this week from the USA’s National Restaurant Association show of the prevailing sentiments and trends that they noticed this year. They tackle automation, retention, and value in their slideshow here:
2. Gourmet Compost: Yep. That’s happening. In all seriousness, we’re on board for whatever can help reduce and reuse food waste, and the UK’s Indie Ecology has put a new twist on the movement, collecting excess food from London’s top restaurants and repurposing it for pesticide free, all natural compost. Upcycling the highest quality scraps has turned into a lucrative business for the startup, who take custom orders and grow produce based on Chefs specifications on their exclusive plots.
3. Broccoli, Tomato prices on the rise: With lighter-than-anticipated supplies out of major growing regions, broccoli prices are slated to rise in the coming weeks. Prices for tomatoes of all varieties are also on the rise, due yet again to heavy rains battering Eastern growers. Keep an eye on prices in the coming days.