Prices for canned green beans rose to its highest last month in the past seven years. Retail prices for 24/300 cut green beans increased to $12.35 per case for January, up from $11.75 per case the previous month. While the price of 24/300 raised steadily in the past seven years according to The Food Institute price trend charts, this is the first month that it broke through the $12.00 threshold.
For 2014, the prices for cut green beans never rose above $12.00 with the highest price range seen in the months of July and August at $11.95-$12.00.
A source stated that an industry-wide shortage on cut green beans was the cause for driving up the market.
[Editor's note: OFW Law Principal Attorney Michael J. O'Flaherty provided this blog piece regarding the need for federal oversight regarding the ongoing trend of class action lawsuits filed against food companies regarding product labeling.]read more
James covers markets for the Food Institute, including the canned vegetable, frozen vegetable, tomato products, processed fish, dried fruit, nuts and juice and concentrate sectors. A reporter and editor for 21 years, James has worked as a writer and editor for North Jersey Media Group, an associate editor at Rodman Publishing and a production editor for the Daily Racing Form. James can be reached by email at email@example.com or by phone at 201.791.5570 ext. 227.
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