16 April 2014Bankruptcy Court favours Kekhman
Two Russian creditor banks fail in their bid to reverse the British High Court bankruptcy declaration secured by Vladimir Kekhman in October 2012.
16 April 2014New Zealand pipfruit industry consolidates
Turners & Growers has acquired integrated apple producer Apollo Apples giving it an additional 1.4m cartons of apples and sales revenue of NZ$50m.
16 April 2014Ecuador banana volumes continue growth
Although February shipments were down on January, Ecuador continues to ship 1m boxes of bananas per week more in 2014 than it did in 2013.
16 April 2014China focus for Peruvian table grapes
In the first three months of 2014 shipments to China accounted for 51% of Peru’s total table grape exports.
16 April 2014First Australian grapes arrive in Asian markets
The Australian Table Grape Association estimates access to the Japanese and Korean markets will be worth A$20m per year within five years.
15 April 2014Magnit now Russia’s largest banana importer
In the two years since the JFC Group filed for bankruptcy, Russia’s largest retail chain has built a 20% market share of the banana trade.
15 April 2014Maputo set to lose citrus
Terminal operator FPT says it is unable to secure a critical mass of citrus to be able to offer a service out of the Mozambican port this season.
15 April 2014Univeg embarks on passage to India
The Belgian multi-national has signed a US$5m joint venture agreement with Mahindra Shubh Labh Services to help develop India’s domestic market.
15 April 2014Kloosterboer installs huge solar roof plant
The installation at the Delta Terminal at Maasvlakte enables the terminal operator to be largely self-sufficient for its energy needs.
15 April 2014Australia citrus shippers bullish on China
The Chinese market presents the Australian citrus industry ‘a growth opportunity on a scale the industry has never seen before.’
15 April 2014Philippine banana shippers target UAE
Banana exports to the United Arab Emirates rose 87% in 2013 despite major supply disruptions caused by a string of tropical storms that battered the archipelago.
14 April 2014Uruguay citrus exports on recovery path
In 2014 Uruguay is forecast to ship between 120-150K MT, with 8K-9K MT exported to the United States.
14 April 2014‘Light’ hurricane season forecast
El Niño, the climate pattern defined by warmer-than-normal water in the tropical Pacific Ocean, tends to suppress Atlantic hurricanes.
14 April 2014Kekhman’s mansion sold
The value of the property in St Petersburg is approximately 1% of the total 10bn Roubles sought by creditors against the former CEO of the bankrupt JFC Group.
14 April 2014Ita spares Australian banana crops
The north Queensland growing regions produce about 95% of Australia’s bananas and the Australian industry has an annual production value of A$500m.