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Commodities Report

Alerts & What’s Trending PROMPT LIKE A PRO: How ChatGPT Can Boost Restaurant Leaders’ Productivity A Guide to Maximizing the Value of Supply Chain Data From Omnichannel POS Systems to AI-Powered Chatbots, Technology is the Future of the Restaurant Industry Embracing Tech for Enhanced Personalization in Hospitality: Balancing Innovation and Human Touch   Produce All wet veg items will be shipping from the Salinas Valley as supplies increase and quality improves. As mentioned previously, due to the abundant rainfall in California, farmers are witnessing a rise in anthracnose, a fungal infection that has resulted in reduced yields of iceberg and romaine lettuce. As a precautionary measure, harvesting teams are trimming the products to alleviate these concerns, resulting in lighter case weights than usual. Overall most commodities are seeing a decline in markets. However, the romaine and iceberg markets remain higher due to quality issues. The avocado inventory in the US

Commodities Report

Alerts & What’s Trending Navigating the Supply Chain: A Guide to Foodservice Procurement How Restaurants Can Better Navigate Disruption Using Data Advancing the Restaurant Industry With AI innovations in 2024 Why Tech is Still a Major Theme at Restaurant Conferences   Produce Adverse weather conditions, drought, and prolonged El Nino/La Nina effects continue to persist, resulting in decreased production and higher market prices for different commodities. The escalated market prices are expected to endure for the upcoming weeks. The transition from Yuma, AZ, to Salinas Valley, CA, is complete, and all wet veg items will be shipped from Salinas Valley. The overall quality has continued to improve.   Grains Because of favorable planting conditions in the United States, a high harvest in South America, and a decrease in overall demand, soybean oil was less. The weekly average of palm oil increased, but it dropped sharply on Friday due to the

Commodities Report

Alerts & What’s Trending 3 Ways Hospitality Purchasing Technology is Causing Digital Disruption Buyers Edge Platform Announces $425M Preferred Equity Investment Led by General Atlantic Credit’s Atlantic Park Fund, Alongside Blackstone Tactical Opportunities and Morgan Stanley Tactical Value Restaurant Execs Optimistic About AI Impact Data & Analytics: New Advances & Best Practices   Produce Unfavorable weather conditions, drought, and prolonged El Nino/La Nina effects persist, leading to reduced production and increased market prices for various commodities. The elevated market prices are anticipated to persist for the next several weeks. The transition from Yuma to Salinas in California and Arizona is nearly finalized, with Yuma operations wrapping up by the conclusion of the upcoming week. Beginning the week of 4/22, all wet veg products will be shipped from the Salinas Valley, while a small number of shippers will continue to operate from Huron for the subsequent two weeks. Supply and quality

Commodities Report

Alerts & What’s Trending 6 Ways to Unlock Pricing Precision with InsideTrack How Restaurants Are Embracing Technology in 2024 Navigating the Evolution of Restaurant Tech Infrastructure Serving Up Technology: New Data Shows How Tech Integration is Transforming the Restaurant Experience   Produce As a result of adverse weather conditions, the transition of seasonal commodities, and the recent Easter holiday observance, there has been a decrease in production across different commodities. Consequently, there has been an increase in the overall market prices of specific commodities. The transition from Yuma to Huron/Salinas for carton commodities is ongoing in California and Arizona. Processed items are scheduled to begin in Salinas either on the 15th or the 21st, depending on the shipper.   Grains In its planting intentions report, the USDA declared a decrease in corn acres and an increase in bean acres. The market rebounded for both beans and corn. Trade in soybean

Commodities Report

Alerts & What’s Trending From Data to Dollars: A Guide to Maximizing the Value of Supply Chain Data MRM Research Roundup: Embracing Tech, Takeout Takeover and Friendly Fast-Food Staff AI’s Critical Role in Shaping the Future of the Restaurant Industry The State of Restaurant Tech in 2024: Beyond the Table Stakes   Produce We continue to experience shortfalls on several winter veg items out of Mexico and Florida due to the impacts of El Niño with the shortest item being color pepper. Pro-rates and further price escalations may happen on these items this week as supply gets critically low. The hot pepper market is shorter this week with low volume and moderate demand continuing to put upward pressure on pricing. We will see a dip in production on the entire tomato category as transition from winter to spring crops get underway. Improvement on supply not expected for 2-3 weeks and