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.

Hurricane Ian Hits Florida As Citrus Growers Near Harvest Season


  

Hurricane Ian made landfall in Florida as a Category 4 storm and is slowly making its way through the state as a Category 1 hurricane. Yesterday, an article was published about the potential impact on citrus and vegetable crops as well as logistics challenges. More will become clear in the coming days and weeks. Although the impact on the produce industry is unknown at this point, we do know it could be devastating. According to the University of Florida, about 175,000 acres of…


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US West Coast Port Labour Talks Disrupted By Seattle Dispute


  

A conflict involving Seattle's largest port terminal endangers contract negotiations between US West Coast Terminals and a labour union. Pacific Maritime Association (PMA), representing terminal operators on the US West Coast, had been in talks with The International Longshoremen and Warehouse Union (ILWU) for four months now. Accusations are being thrown left and right between the two parties about who should be assigned jobs and worker productivity. As per the report, due to reduced productivity in Oakland and Seattle-Tacoma ports,…


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Taiwan: Central Bank Spent $8.25 Bln To Hold Back Currency Depreciation In H1


  

Taiwan's central bank has issued a statement saying that in the first half of this year it sold a net $8.25 billion to intervene in the foreign exchange market, intent on halting the devaluation of the Taiwan dollar. The Taiwan dollar has depreciated 13% against the greenback so far this year. In recent weeks, Taiwan's currency and stock market have tanked, due to aggressive interest rate hikes in the United States and the strength of the US dollar, as well…


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A Preview Of The 2022-2023 Peru Grape Season


  

After the strong 2021-2022 Peru grape season, Vanguard Direct LLC makes its early predictions and expectations as this year’s harvest approaches. “We are looking at a similarly strong start to last year,” said Dirk Winkelmann, president. The high temperatures in California and forecasted rain is a challenging recipe for the remaining grape crop in this region. Chile is also seeing weather challenges resulting in a drop in crop size by 10-20 million cartons compared to last season. “All this adds…


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Logistics Crisis Causes Table Grape Season To Be One Of The Most Difficult For Mexican Industry


  

Table grape season is now over, ranking as one of the most difficult seasons ever recorded in Mexico's history. The current logistical crisis caused the quality of the grapes to be affected and prices to fall. The Local Agricultural Association of Table Grape Producers of Mexico (AALPUM) explains that shipping delays caused damage to the sector, with a drop in the quality of black and red grapes and a decrease in prices of up to 30% compared to the previous…


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