We pay less for floral supplies than we do for flowers
We all know how expensive it is to buy flowers, but do we really know how much it’s costing us?
Well, according to the floral supply chain in the US, not quite.
According to the Federal Bureau of Investigation (FBI), flower supply prices are $2.10 per gram, whereas the price for flower is $0.72.
That’s a difference of about $6.50, according to a recent report by the Wall Street Journal.
The FBI report, entitled “Prices for flowers, plants, and other agricultural products in the United States” also notes that the average wholesale price for flowers in the first quarter of 2018 was $1.76 per gram.
As the WSJ reports, the wholesale price of flowers for the US rose to $1,715 per gram from $1 in the same period last year.
So, while flower prices in the U.S. were up by more than 40% from last year, wholesale flower prices were actually down by nearly the same amount.
To put that in perspective, flower prices are up about 12% in China, 15% in Germany, 17% in France, 20% in Australia and New Zealand, 22% in India and 23% in Canada.
These are not insignificant changes, especially when you consider the average flower size is a whopping 11.6 inches.
It’s also worth noting that flower prices can fluctuate by as much as 30% on a daily basis, which could explain why flower prices have been falling since the first half of 2018.
Still, the rise in flower prices may be due to an increased demand for flowers as a result of the election of Donald Trump, who has promised to repeal the Affordable Care Act, or ACA, as he’s known in the industry.
In an effort to combat the rising costs of flowers, retailers are now offering free flowers to those who purchase them on their website or through the flower section of their stores.
Although flowers have historically been an expensive purchase, a recent report from the National Farmers Union found that flower sales are up 11.5% in 2018 compared to 2017.
Additionally, the price of the entire flower crop rose by about 5% in 2017.
This article originally appeared at The Wall Street Review.
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