Report: Dramatically increasing energy prices due to crisis in Ukraine

Dramatically increasing energy prices made headlines this week, as the conflict in Ukraine continues to drive global oil prices up. Domestically, drivers are seeing prices for gasoline and diesel reach levels not experienced in over a decade, with corresponding increases in truck rates already being reported.

Calls for increasing domestic production in the short term and expanding use of alternative energy sources and electric cars in the longer term are widespread. Worldwide tensions remain high as it remains to be seen if the conflict will escalate further or expand to neighboring countries, which have been generous in offering aid and accepting refugees on a scale not seen in Europe since WWII.

Movement of Mexican asparagus crossings though Calexico, California and San Luis Arizona, expected to increase slightly. Trading was slow at lower prices. Supplies are now adequate with light demand expected to improve gradually as Easter promotions begin next week. Warm weather continues in the Caborca growing region.

Mexican blueberry crossings through Arizona, California, and Texas movement expected to increase. Trading was slow at slightly lower prices. Quality is reported as variable, with heavy volumes of Chilean arrivals continuing to limit demand. Some movement has also begun out of coastal California, especially of organic blueberries, most of which are reserved for contract sales. Movement of blueberries out of Central and North Florida is expected to increase as harvesting increases.

Click here to view the full report.

Source: ams.usda.gov


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