Fresh Del Monte CEO: Some 1000 containers did not ship due to logistics issues

These lost shipments mainly occurred in the first few months of the year and affected business to European, Asian, and the Middle Eastern markets.

May 09 , 2022

Maersk warns of slowdown on the horizon

Despite record profits, the shipping giant expects a global downturn could be coming later this year.

May 06 , 2022

5 de Mayo avocado price peak: Will prices level off in 2022?

Demand and supply side issues have more than doubled the price of avocados since 2021 ahead of 5 de Mayo, one of the consumption peaks in the United States. Can we expect prices to level or fall later on this year?

May 05 , 2022

Vanguard on supply chain challenges: “Where in the world is my container?”

"Getting a carrier to even go to SE Asia from Peru is almost impossible. If you can convince the carriers, you are looking at a 60+-day transit period instead of 32 days. You have containers arriving in China with Peruvian grapes, for example, that were harvested up to 3 months ago", said Vanguard International USA President Tim Clarke

May 02 , 2022

Chile expects drop in citrus exports 

Drought in growing regions is affecting volumes of the main citrus crops, with the exporters association warning that logistics and disruptions related to the war in Ukraine will also take a toll on results for the season.

April 25 , 2022

Dip in reefer rates between North Europe to Far East

The long term market for refrigerated containers has seen its first easing in rates for routes between Northern Europe and the Far East.

April 19 , 2022

East Coast port congestion now worse than West Coast

There are now double the number of ships waiting off two key East Coast ports than Los Angeles and Long Beach.

April 13 , 2022

USDA lowers Florida orange harvest outlook, expects 28 percent drop

The USDA slashed its forecast for the Florida citrus crop by a good 3 million boxes in its latest update.

April 11 , 2022

Private equity firm acquires Save Mart

Save Mart has 200 stores under its different brands and has been highlighted as a leader in the food retailer sector.

March 28 , 2022

Mexican table grape harvest expected to grow 19.5%

The shift in varieties has resulted in more spread throughout the season, which is expected to extend past the July 4th holiday in the U.S.

March 25 , 2022