21 February 2017Less is much more for Del Monte
Despite a reduction in net revenue year-on-year, net income for 2016 was four times the result the multinational achieved in 2015.
21 February 2017China gets tough over freight rates
China's Ministry of Transport has issued fines to 14 container lines for either failing to report freight rates or not charging the rates listed.
21 February 2017Mexican avocado exports exceed expectations
The world's largest avocado exporter shipped a record 1.02m MT of avocadoes in 2016 at a value of US$2.22bn.
21 February 2017Pakistan trials sea freight vegetable shipment
If successful, the shipment to Dubai will lead to a significant increase in exports, due to the sharply lower freight cost when compared to air shipments.
21 February 2017Tadeco says open to JVA review
The Philippines' Bureau of Corrections leases portions of the Davao Prison and Penal farm reservation to the Del Monte banana supplier for its banana plantations.
20 February 2017Algerian food shortages mount
The price of bananas has escalated to the equivalent of US$7 per kg, more than 10 times the price in September last year.
20 February 2017Fyffes de-lists
The multinational has been delisted from the Irish Stock Exchange from today, following its takeover by Japan's Sumitomo Corporation.
20 February 2017Rains destroy Saudi vegetable crops
The torrential rains that lashed the Eastern Province for the past three days have destroyed 70-80% of the agricultural crops.
20 February 2017UK 'should improve food security'
A report calls for retailers to better support domestic fruit and vegetable producers or risk future supply disruption.
20 February 2017Maersk partners with Yun Qu Na
The strategic agreement with the Chinese online logistics platform follows a similar deal with e-commerce giant Alibaba.
20 February 2017Colombian avocado exports treble
EU markets absorbed the 18.2K MT of avocadoes shipped by Colombia in 2016, a total that increased from 5.5K MT the previous year.
17 February 2017Zespri raises crop volume concerns
After 'crop managing' a surplus 5m trays of green fruit in 2016, the kiwifruit marketer says a shortfall in 2017 may lead to Class II fruit being used to supply developing markets.
17 February 2017Currency float stimulates Egyptian fresh exports
The Egyptian pound has roughly halved in value since the central bank abandoned its peg to the dollar, making fruit and vegetables better value to foreign buyers.
17 February 2017Del Monte boxes boost Manatee growth
Fresh Del Monte is to add container vessels to its Port Manatee itinerary starting in March, which will grow the port’s container volume ‘exponentially’.
17 February 2017CMA CGM and Zim follow Maersk onto Alibaba
The carriers have signed up with the Chinese e-commerce giant to allow customers to book space, in a bid to boost sales as the sector battles a severe downturn.