The Hunts Point Cooperative Market, a wholesale food market located on 60 acres (243,000 m²) in New York City's South Bronx district, is the largest food distribution center in the world. Its revenues exceed $2 billion annually.
Located at the Hunts Point Food Distribution Center, which houses the Fulton Fish Market, a produce market and a meat market, the Hunts Point Cooperative Market is the source for approximately 60 percent of New York City’s produce. More than 50 independent wholesale food businesses located at the Market supply food to over 22 million people in the New York metropolitan area.
In 2011, the City of New York and The New York City Economic Development Corporation (NYCEDC) made significant headway in their ongoing efforts to support the Hunts Point Market in the South Bronx. In June, they reached an agreement with the Hunts Point Terminal Produce Cooperative to extend its lease for another three years, while the Cooperative and NYCEDC work together to develop a long-term plan for a larger, modernized facility in the Bronx. To this end, the City and State have each agreed to contribute capital resources and to work with the Cooperative to secure additional third-party sources of funding.
Built in 1972 as a 40-acre facility with six buildings, the Market now consists of seven large refrigerated/freezer buildings on 60 acres, with a total refrigerated space of approximately 700,000 square feet (65,000 m2) and is governed by the United States Department of Agriculture (USDA).
The market can be accessed from other boroughs via I-895. It is serviced by rail via CSX Transportation's Oak Point Yard and gets around 2700 cars per year. In 2012 the market received a $10 million federal grant to improve rail operations. Currently, rail cars and trucks share unloading docks, causing conflicts. The rail improvements are part of a $332.5 million major renovation to the market that is under negotiation.