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.

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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Agronometrics In Charts: Peruvian Grape Industry Reaping Benefits Of Varietal Diversification


According to a recent news release by the Association of Table Grape Producers of Peru (PROVID), table grape exports from Peru are projected to grow by 11% in comparison to the previous campaign and the exported volumes are expected to culminate to about 71.5 million boxes (each box equalling 8.2 kilograms). Upon evaluation of the preseason conditions in August, Fernando Cillóniz Benavides, president of the consulting firm Inform@cción concluded that the 2022-23 season will be a success, according to a report by Agraria.pe.…

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Agronometrics In Charts: Devastated Pacific Northwest Cherry Season Pushes Prices To Historic Levels


According to the Northwest Horticultural Council, 20 million boxes of cherries were produced last year by growers in Washington, Oregon, Idaho, Montana and Utah, valued at nearly a billion dollars. This year, a cold and wet spring stunted the development of many cherries, leading to what is, ostensibly, the smallest crop of Northwest sweet cherries in nearly 14 years.  The crop is reported to be 80,000 tons short owing to a severe winter storm experienced by Washington and Oregon on April 14 which reduced fruit set…

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