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.
The Fed’s Supply Chain Pressure Gauge Just Went Negative
March 9, 2023
NY Fed: ‘Global supply chain conditions have returned to normal’ Back in January 2022, when the world was in the throes of a supply chain crisis, economists at the New York Federal Reserve unveiled a new barometer to measure the inflation fallout, called the Global Supply Chain Pressure Index (GSCPI). The GSCPI, designed to “capture supply chain disruptions using a range of indicators,” measures standard deviations from the historical mean. It peaked at 4.31 standard deviations in December 2021. In trading…
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GLOBAL MARKET OVERVIEW PEARS
March 3, 2023
The global pear market seems to be on a stable note, with increasing demand and good prices, especially for smaller sizes. The Belgian pear market is doing well, with a surge of 30% in prices in the last month, and a high demand for smaller sizes. Meanwhile, Germany is experiencing an increase in overseas supplies, primarily from South Africa. Switzerland is seeing positive development in the organic fruit market, and club concepts are on the rise. In Italy, a lack…
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Peruvian Avocado Exports Up To Week 7 Have Already Increased By 31% This Season
March 3, 2023
According to figures provided by Fresh Fruit, Peru exported 4,370 tons of fresh avocado in week 7, i.e. 63% more than in the same week of last year, bringing the volume that the county has exported so far in this campaign to 14,730 tons; a volume that is 31% higher than in the same period of the previous campaign. The main destinations of the avocado shipped in week 7 were the Netherlands, with a 31% share; Spain, with 25%; and…
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Peru Has Exported More Than 61 million Boxes Of Table Grapes This Season
March 3, 2023
According to data shared by the Peruvian Association of Table Grape Producers (Provid), from week 34 of 2022 to week 6 of 2023, Peru has exported 61,124,095 standardized 8.2 kg boxes of table grapes. 30% of all exports correspond to the Sweet Globe variety, 19% to the Red Globe variety, and 9% to the Allison grapes. These 3 varieties account for 58% of the volume sent. The main producing areas are Piura, which accounts for 46% of the production, ICA…
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Red Globe Still Brings In Good Business For Peruvian Table Grape Producer
March 3, 2023
The rapid shift to new generation cultivars means that all indications point to the fact that the table grape industry work horse cultivar of Red Globe is fast becoming a niche product in the grape sector. One producer and exporter J&L Agroexportaciones based in Lima, Peru, with 100% Red Globe variety planted, has seen fluctuating prices in Europe, but enough to see constant good business. According to Andrea Gamarra Castillo, sales manager at J&L, “We only have Red Globe planted…
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