So I was shopping with my mom this weekend and I was craving grapefruits. (they are my favorite fruit ya know!) SO I went to buy the grapefuit fruit cups things and they were only 6 dollars for 10 cups! This was way lower then when I bought the same cups in the fall and early winter! They were not on sale or anything... the price was just way lower. So I bought 2 boxes (and ate all 20 cups already). I was thinking about why they were so much cheaper now... thinking maybe they were old, or flawed. So I was bored and looked this up... "The season for grapefruit depends on where the grapefruits are growing. In Arizona and California, the peak season is January to June, but in Florida and Texas, the season is October to June." (http://www.seasonalrecipes.com/season/grapefruit.php) This is prime time for grapefruit! So heres what I concluded... Fresh grapefuit and grapefruit cups are substitute goods. And since the Demand for fresh grapefruit has risen as it is in season and tastes the most delicious... demand for the cups of processed grapefruits has dropped... thus lowering the price.
The End
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8 comments:
I love grapefruit as well, making this a very interesting bit of information! I never really thought about how fresh fruit would effect the processed prices.
something i always thought was kind of cool at work, was how the price and availability of one type of fruit affects the same fruit. for instance when we start getting peaches in, we start with georgia/florida peaches everyone's real excited and we could practically charge whatever we want. but then we get idaho's, which some people think are much better (yes, believe it or not, customers are very opinionated about where their peaches come from) we have to drop the colorado price just to move them out. and when michigans come in...well we pretty much have to give away anything else. isn't is funny how two items of the same exact product can act as substitutes and inferior goods to eachother?
I love grapefruit too. And this was very interesting. I have noticed that the grapefruits are very tasty right now.. probably because they are all in peak season!
i am wondering how fresh the grapefruit in the grapefruit cups are and how that affects the price as well. yes, they last longer, but not forever.
Mmmmm.....grapefuit.....with sugar!
I notice the major price changes in seasoned fuit, but it always amazes me how picky some customers can be. One such nice old lady decided that it would be fun to get into an argument with me over the pricing of bananas. She found it necessary to talk for over 10 minutes about how the bananas at Kwik Trip were 3 cents less per pound than at Sentry. I didn't really care, but this same lady came back in a few days later and informed me that each establishment got their bananas from different states. I could have figured this out, but found it amusing that she came back to let me know.
you are ridiculous! we don't care about your grapefruit obsession.
grapefruits are good though! I'm now interested in when kiwis are in season (my favorite fruit)!
beautiful morgan
hahaha only you would look into the price of a grapefruit cup like this. i personally do not like grapefruits, but i liked this post anyway. and as for lydia, i had no idea so many states had such different peaches. i learn something new every day! =)
A great analysis on prices. :)
Interesting on the moving out of different types of peaches...never really thought of it in those terms. My year working at P&S was in the deli. Ask me how to work the slicer, no problem. No clue on the inner workings of peaches, though. :)
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