Mission Produce sets IPO terms, could see US$1.2B valuation

Mission Produce has set the terms of its initial public offering, in which the California-based avocado company is looking to raise up to $159.38m.

September 23 , 2020

Chilean blueberry industry forecasts stable export volumes

The Chilean Blueberry Committee chatted with us about expectations for the 2020-21 season, including ongoing market development, varietal reconversion, and prioritizing quality over quantity.

September 22 , 2020

Chinese importers cautious ahead of Chilean summer fruit season amid market uncertainty

One importer says it will be difficult for Chilean cherries to sell at high prices in the Chinese market this season, and it is highly probable that the sales volume will be lower than in previous years.

September 21 , 2020

U.S. avocado market stability likely to continue into fall with new Mexican crop

Gahl Crane of Eco Farms explained that the market had seen generally low but stable pricing over the summer amid good volumes from all the supplying origins, as well as the disruption in the foodservice industry.

September 18 , 2020

U.S.: "Solid momentum" in retail fruit and veg sales going into fall - PMA

Joe Watson of the PMA says that it is important to think about why some relatively small categories such as oranges and mushrooms have "punched well above their weight" over a 26-week period since the pandemic began.

September 17 , 2020

Washington apple forecast cut following adverse weather events

In early August, the first estimate for the Washington apple crop predicted a crop volume of 134 million boxes (40 lb.), on par with the previous season of 133 million boxes.

September 16 , 2020

FDA issues first Produce Safety Rule injunction to food manufacturer for repeated violations

Fortune Food Product, Inc., an Illinois-based processor of sprouts and soy products, has agreed to stop production until it, among other things, undertakes remedial action and complies with the Federal Food, Drug, and Cosmetic Act.

September 15 , 2020

La Niña climate pattern has developed and likely to persist through winter - NOAA

La Nina is a natural ocean-atmospheric phenomenon marked by cooler-than-average sea surface temperatures across the central and eastern Pacific Ocean near the equator.

September 15 , 2020

Ex-Driscoll’s exec sentenced for stealing from company - report

Marc Marier, 42, of Napierville, Illinois, was reportedly sentenced in a San Jose federal courtroom to 29 months in prison after pleading guilty in June to wire fraud and money laundering.

September 14 , 2020

California fires: Ash again falling on Salinas floor, with harvesting delays possible

In an update on the situation, Markon Cooperative said: "Light ash is again falling to the floor of the Salinas Valley, creating another build-up of ash across vegetable and fruit crops."

September 11 , 2020