This year’s terrible summer for corn turns out to have been great for Halloween pumpkins

October 31, 2012
October 31, 2012

The same hot weather that devastated US corn crops this summer has been a boon for pumpkin growers, Bloomberg reports. In Illinois, the largest pumpkin producing state in the US, pumpkin production may be up 5%, economists say. Pumpkins aren’t as vulnerable to heat as some other crops.

That higher supply seems to be hitting prices, which were down about 3% from 2011, according the US Department of Agriculture. Digging deeper into pumpkin pricing, you can see that traditional jack-o-lantern type pumpkins are fetching wholesale prices about 4% higher than last year. However, specialty pumpkin supplies are pretty high at the wholesale level, sending prices for miniature versions of the holiday gourd down about 7%.

Top News

Powered by VIP