This Is Why Peaches Are Going to Cost More This Summer

This Is Why Peaches Are Going to Cost More This Summer

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Susmita Baral
Jun 2, 2017
(Image credit: Erika Tracy)

The prices for peaches are on the rise after Georgia lost roughly 80 percent of its crop this year due to irregular weather. The Atlanta Journal-Constitution reports that a warm winter, coupled with a hard freeze this spring, resulted in a bulk of peach crop dying this year in the South.

Georgia produced 43,000 tons of peaches last year, according to the United States Department of Agriculture, and this year the state's output may be a quarter of that. This directly impacts the quantity of peaches available, which, in turn, impacts the price. The wholesale cost of peaches has already reportedly doubled.

Adding to the peach deficit is South Carolina, which rakes in $90 million in peaches each year. This year, the state lost 85 to 90 percent of its crop, according to the South Carolina Department of Agriculture.

The loss of crops means higher costs. Michael Schenck, an Atlanta-based food distributor, told MONEY that he typically purchases a case of peaches for $20. But this year, wholesale cases are $35 and Schenck anticipates the rates to go even higher throughout the summer.

For the consumer, this means a shorter peach season with a smaller supply and potentially higher costs if you live in the South. Although, Schenck still predicts chefs will continue purchasing peaches to include in their menu.

Those who live in California will be just fine, as the state is expected to produce 625,000 tons of peaches — an 8 percent hike from last year. If you live in the Northeast, the New England peach crop is also doing okay.

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