Costco missed estimates for quarterly earnings ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌
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Friday, May 26, 2023

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GLOBAL MARKET OVERVIEW PINEAPPLES

The global pineapple market is experiencing various dynamics across different regions. In the Netherlands, natural flowering in Costa Rica has resulted…

Vacancies

Later starts in bell pepper growing regions

There’s no shortage of supply of bell peppers in the market currently. “Right now, players are getting up and running in the Coachella desert and we…

Miky Suarez with MAS Melons & Grapes

“Right now, everybody in the US is desperate for grapes”

Up until May 23, only 728,000 boxes of Mexican grapes were harvested compared to 2,957,000 boxes harvested by May 23 of last year, a difference of more…

Back end of Pacific Northwest cherry crop to be lighter with bigger cherries

Last week’s jump in temperatures in Washington was welcomed by Pacific Northwest cherry growers. In turn, this also means that the back end of the…

Akorn Technology announces fresh mango business expansion in Africa

Following the successful introduction of their Akorn Natural™ coatings for mango and avocado in South America, Akorn Technology announces the expansion of…

USDA restricts PACA violators in California and Texas

The U.S. Department of Agriculture (USDA) has imposed sanctions on four produce businesses for failing to meet contractual obligations to the sellers of…

Strawberry farm provides intimate You-Pick experience to the public

The story now goes that local production is superior, and consumers are mainly looking to buy products that are cultivated close to home. Yet,…

A closer look at South African citrus for 2023

Vanguard has received the full estimate for the 2023 citrus crop in South Africa. The latest estimate is 165.6 million cartons--800,000 more than last…

IFPA produce manager award winners announced

For their commitment to fresh produce, innovative merchandising, community service and customer satisfaction, 15 produce managers have been recognized…

US: Organic food sales break through $60 billion in 2022

Organic food sales in the United States in 2022 broke through $60 billion for the first time, hitting another high-level mark for the resilient organic…

Special Asia

Xiaohongshu

Chinese are bringing cucumbers to music festivals

China festival goers are turning to alternative forms of hydration, choosing to bring cucumbers so they will not be forced to pay exorbitant prices for…

Global Focus Melons/Kiwifruit

Jesús Abenza, managing director of the Alimer cooperative:

"There will be a greater watermelon supply than last year, but lower than we expected"

The rains and lack of sunlight persist throughout the Spanish Levante, casting some doubts as to their possible impact on the supply of upcoming crops,…

Retail

Dreamstime

Dollar Tree trimmed its full-year profit forecast

Costco missed estimates for quarterly earnings

Who is the top grocer in the Northwestern U.S.?The state of grocery varies considerably across regions according to the latest report by the traffic…

Scientists assemble first complete genetic sequence for blackberries

An international team of scientists has assembled the first complete sequence of the blackberry genome, creating a genetic tool that will help guide…

Eric Labbate, founder of Climate Control Systems, retires after 38 years

Today, Eric Labbate, founder of Climate Control Systems, retires after an unprecedented 38 years of service. "This is a momentous occasion for our…

Soaring labor costs push West Michigan fruit growers to the brink

While many farmers today are turning to automation to meet their production needs and save on labor costs, Crossroads Blueberry Farm LLC likes to ensure a…

Creating potential health benefits

Consuming grapes modulates the human microbiome

The gut microbiome consists of more than 3 million genes and billions upon billions of microorganisms. These impact the overall health and well-being of…

USDA

Apples and oranges are the top U.S. fruit choices

Apples held the top spot for total fruit available for consumption in 2021 with loss-adjusted apple juice availability at 14.7 pounds (1.7 gallons) per…

Dollar's status as dominant global currency under scrutiny again

Several factors have put the dollar's status as the world's dominant currency under fresh scrutiny. Apart from the rivalry with China, the fallout from the war…

California Almond Stewardship Platform System simplified for better grower experience

The California Almond Stewardship Platform (CASP) led by the Almond Board of California (ABC) has been improved to better meet the needs of industry members.…

Disease is killing state's spuds

Michigan potato fields endangered by potato early die complex

Michigan is the nation’s leading producer of potatoes for potato chips, and potato farmers across the state harvest 1.7 billion pounds annually. That is why…

Zimex Smart Agro -

Assisted cherry pollination in Chile part of smart solutions now expanding to Europe

Hard times call for smart solutions. This includes assisted pollination of cherries and kiwi fruit as well as portable anti-frost machines. These are…

Lays Santana, Santana Ginger:

“Brazil has a smaller amount of ginger this season”

After almost three decades in the retail market of agricultural products, around the year 2000, Djalma Santana, founder and CEO expanded it`s area of…

Peru Ginger Week 2023 – 31 May to 2 June

Lower supply from China brings good prospects for imminent Peruvian ginger campaign

Peru will host the Ginger Week 2023, which will take place online as a free event on May 31, June 1 and 2, 2023. Kristel Camargo, General Manager of…

Berry production increases in Jalisco, Mexico

Over the past few years, the berry production in the state of Jalisco has grown and so has its participation in the national and international markets. Andrés…

Embrapa Cerrados develops genetically improved pitaya cultivars

Embrapa Cerrados (DF) has developed five genetically superior pitaya cultivars: BRS Lua do Cerrado; BRS Luz do Cerrado; BRS Granada do Cerrado; BRS Minipitaya…

UK and Europe “screaming for citrus” but still more rain for South Africa

Rain is expected to continue in the Western and Eastern Cape as a cutoff low moves over. Snow has fallen over the mountains of the Western and the…

Egyptian citrus did not do well in China this season

This year's citrus season in Egypt is marked by high volumes, but an abundance of small sizes to the detriment of large and medium sizes. For exporters…

Demand for Turkish cherries stronger than it was last year

After a couple of years of low volumes during the cherry season, Yigit Gokyigit, commercial coordinator for Alanar, thinks this is finally the year…

"Egyptian table grapes will chase Indians and Chileans out of the European market"

With an early entry of Egyptian grapes on the market, exporters are delighted to see a good business opportunity, especially in Europe, and hope to…

EastFruit

Dates top the ranking of Moroccan fruit and vegetable imports

African countries, including Morocco, accounted for about 40% of the global production of dates in 2021, according to FAOStat. Nevertheless, as…

Macarena Garcia Otero Reina, Royal:

"We don't expect a stone fruit oversupply on the market anytime this summer"

At Royal, blueberries and raspberries are giving way to the stone fruit season. "Our biggest concern this year is the drought," says Macarena Garcia…

Including bananas, mango, mangosteen, watermelon, durian, longan

China spent $1.18 billion to import 885,300 tons of fruit in first three months of 2023

Chinese sources explain that the country spent $1.18 billion to import 885,300 tons of fruit in the first three months of 2023, including bananas, mango,…

Kurdistan region bans imports of agricultural products to support local farmers

The Kurdistan Regional Government (KRG) is implementing a comprehensive reform plan to develop the agricultural sector in the Kurdish region of Iraq and expand…

Customs intercepts two containers en route from Ecuador to Slovenia

Cocaine found in banana containers at Malta Freeport

A total 270 kilograms of cocaine were intercepted by Customs in two containers loaded with bananas. These were intercepted at Malta Freeport, sailing from…

McGowan government supports industry to grow and succeed

WA citrus season opens as industry continues to flourish

Agriculture and Food Minister Jackie Jarvis has launched the 2023 Western Australian citrus season today, with premium quality WA oranges, mandarins and lemons…

Drewry's

World Container Index - 25 May

Drewry’s composite World Container Index dropped to $1,685 per 40ft container this week

Drewry’s composite World Container Index has decreased by 2% this week, and has dropped by 78% when compared with the same week last year. The latest…

Container spot rates remain high despite weaker supply/demand balance

In this week’s “Shipping Number of the Week” from BIMCO, chief shipping analyst, Niels Rasmussen, looks at the fact that despite a 70-80% fall in freight…

Reefer shipping to outpace growth of dry cargo trade

Seaborne reefer trade is on the brink of returning to growth in 2023, with volumes set to increase by 2.1%, outpacing the wider dry cargo trade, to reach 140.5…

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