According to the latest Consumer Price Index data from the Bureau of Labor Statistics, from September to October, prices for various products in the US went up, but apple prices plunged 7.9%. That, coupled with typical seasonal trends, lower freight costs and changing dynamics in the export market, has pulled down prices this fall. That’s up sharply from 104 million boxes last year and is also much higher than the roughly 123 million in 2021. For farmers, who are already facing a challenging environment because of high costs and unpredictable weather, this is not a positive development. In general, apple prices dip in the fall, because that’s when they’re harvested and flood the market.

Source: CNN November 22, 2023 19:15 UTC