IPG NEWS

IPG looks to keep its customers, suppliers, and partners world-wide, all connected and in touch through its new IPG News Reports. This news source will highlight the most significant, relevant and day-day international trade and produce news stories.

We feel it’s very important to not only have a great understanding for our current market and country, but to maintain a worldly viewpoint and full understanding of all other markets and their effects on the fresh produce export/import industry. Please stay connected and informed through our news channel.

Mexican Table Grape Industry Challenged To Ship 25 Million Boxes In 10 Weeks


  

Table grape harvest in Northern Mexico has started, in Hermosillo and Guaymas in the state of Sonora. The first grapes crossed the border with Nogales, AZ ten days ago, on May 9. The start date is similar to last year, but it is a few days later than the average start of May 5. “The great majority of grapes crossing the border at the moment are the Early Sweet variety,” says Miky Suarez with MAS Melons & Grapes. “It is…


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Cosco To Invest US$3 Billion In New Peruvian Port


  

Cosco Shipping Ports (CSP) reportedly plans to invest around US$3 billion to build a container port in Peru, as the Chinese government advances the Belt and Road initiative to South America. Phase 1 of the port construction in Chancay, 55km north of the capital city Lima, is underway and set to open in 2023. Plans for the port construction began in 2019, when Cosco Shipping Port bought a 60% stake in Terminales Portuarios Chancay from Peruvian mining group Volcan Compania…


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Giant Container Ships Are Ruining Everything


  

I hate big boats, and so should you. In 2006, Maersk stunned the global shipping community with the introduction of Emma Maersk, a container ship that could carry nearly 15,000 twenty-foot equivalent units. (TEUs translate to about half of a standard forty-foot shipping container.)  Emma Maersk set off an “arms race” with its introduction. Ocean carriers ordered bigger and bigger ships, believing that they could reach economies of scale if they could jam all their shipments into one big boat instead of…


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GLOBAL OVERVIEW STRAWBERRIES


  

The global strawberry market is currently going through some ups and downs, depending on where one looks. The excellent weather during the growing season in Northern Europe has led to an abundant domestic supply in countries such as the Netherlands, Belgium, Germany and the United Kingdom. The UK even expects to see a 50% larger harvest compared to last year. The traditionally warmer European countries such as Italy and Spain, however, have seen their production volumes affected by poor weather…


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California Celery Light Supplies, High Market


  

Celery prices have about doubled in the past few weeks as the crop transition has led to light supplies. California celery supplies have decreased substantially in Oxnard and Santa Maria, California, and the Florida season has ended. Yields in Oxnard and Santa Maria fields were impacted by heavy rains in January, and by seeder ranging five to seven inches following two heat spikes in March/April. Elevated markets are expected to maintain until full transition to Salinas is complete in mid-late…


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