Chinese yuan shifts to being second-biggest trade currency
2023-11-21 00:00
Global companies are making a beeline for China's debt markets, issuing record amounts of yuan-denominated bonds and borrowing heavily from mainland banks, capitalizing on the very low yuan interest rates. Companies and banks are raising record amounts of cash through yuan bonds issued in
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Brazilian company maintains ships to export fruit to Europe
2023-11-20 00:00
Amid the logistical chaos resulting from the pandemic, Agrícola Famosa , Brazil’s largest fruit exporter, spent millions of dollars to charter ships and guarantee the delivery of its melons and watermelons to Europe. The strategy increased the company's costs by 30%, but the results were
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Apple production in China has increased in 2023
2023-11-20 00:00
According to the USDA, in 2023 China harvested 45 million tons of apples, which is 1% or 500 thousand tons more than a year earlier.
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Two new studies that can help Central Coast growers and other readers estimate costs and potential returns for both organically and conventionally produced apples for processing were recently released by University of California Agriculture and Natural Resources, UC Cooperative Extension and the
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Six years ago, millions of viewers saw a mother albatross feeding her newborn chick scraps of plastic in David Attenborough’s Blue Planet II. What followed was a wave of support for more sustainable packaging and less waste ending up in nature. Unfortunately, pledges for more sustainable
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Argentina's economic woes lead to fruit shortages
2023-11-20 00:00
Economic troubles and multi-million-dollar debts have led to an import crisis for Argentina, affecting some of the nation's favorite fruits as well. Producers in Bolivia and Paraguay have suspended exports of bananas and pineapples to Argentina due to a cumulative debts racked up by importers,
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"Polish apples getting more expensive by the week"
2023-11-20 00:00
Polish apples are in demand all over the globe, says Aleksandra Pawlica, responsible for sales of Polish apple exporter Refal: “For us, the new season actually started only recently, in September. We’ve finished harvesting apples and are slowly starting to sell them. We continue commercial
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Chris Catto-Smith owner of FreshPort Asia has worked on many agro-logistics and supply chain projects during his time in Southeast Asia. Chris has a genuine passion for what he does and has been involved in many Corporate Social Responsibility and sustainability projects which have changed the
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The peak of Peru’s blueberry harvest has started according to an exporter as the latest statistics up to week 45 (6-12 November, 2023) shows conventional volumes down by 51% and organic 61% lower compared to last season. Their saving grace this year are higher prices that will help to cushion
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The Lovita® plum arrives on the Spanish market
2023-11-20 00:00
The first volumes of Lovita® plums were sold on the Spanish market at the beginning of November, two years after the first plantings. “Nearly 120 tons have already been sold and the plantings planned over 3 years are 60 hectares. The forecast tonnage for the next two years is 1,000 tons,”
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Organic top fruit: demand exceeds supply
2023-11-20 00:00
"Demand for organic top fruit exceeds demand," is how René Laan, Stoker Organica's Managing Director sums up the market in late September. This Dutch company sorts, packages, and markets organic fruit. He is especially optimistic about the apple market. "The apple season got off to a rough
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Onion prices in Uzbekistan continue to decline
2023-11-20 00:00
Over the past three weeks, wholesale prices of onions in Uzbekistan have decreased by 18%, which is due to an increase in supply in the domestic market while external demand for Uzbek onions remains weak, EastFruit experts report.
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More Pomelo trees being planted in California
2023-11-20 00:00
Pomelo harvesting is well underway in California and the crop is looking good. “Pomelos are generally first harvested in late October by a lot of people,” says Tony Marquez from Pearson Ranch. “I think the volume this year will be a bit more, and in the future, there will be more Pomelos
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Last season there was speculation about the possibility of a significant drop in the cauliflower production, and while official figures certainly reveal a 12.4% drop compared to the previous year, the reduction is not as significant as that of other open ground productions, such as broccoli,
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“The various professionals of the sector are drawing a mixed post-harvest assessment and planning a rather uncertain sales campaign,” according to the French Federation of Traders in potatoes, garlic, onions, shallots and wholesale vegetables (FEDEPOM).
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Durban Container Terminals working on clearing backlogs
2023-11-20 00:00
A total of 63 vessels were recorded at the Port of Durban’s outer anchorage today and of these, 20 were destined for the Durban Container Terminals (DCT) Pier 1 and Pier 2 managed by Transnet Port Terminals (TPT). With all initiatives employed, it would take Pier 1 seven weeks to clear the
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Special cranberry beer for Thanksgiving
2023-11-20 00:00
Cranberry beer is becoming an innovative addition to Thanksgiving tables in New Jersey, leveraging the state's status as a top cranberry producer. Craft breweries, focusing on local ingredients, are turning to cranberries, which flourish in the state's acidic, boggy soil. Toms River Brewing,
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NSW Farmers welcomes Minns government’s $250 million drought fund
2023-11-20 00:00
NSW Farmers applauds the Minns government’s new $250 million Drought Ready and Resilient Fund, designed to assist farmers prepare and respond to drought conditions. NSW Farmers’ President, Xavier Martin, said the clarity the government has provided early in the drying cycle will help farmers
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With the arrival of the last tomatoes and sweet peppers from northern German production, the domestic fruit vegetable season is now nearing its end. "The quality of the last few trains was actually quite good. Sales were also quite pleasing throughout the entire campaign, although marketing is
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Rising prices of persimmons in Russia amidst abundant harvest
2023-11-20 00:00
Russian orchardists are celebrating a record persimmon harvest this year. However, they face a shortage of persimmons in the market, coupled with soaring prices. The cost per kilogram has reached several euros, causing concern among consumers.
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