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.
OVERVIEW GLOBAL ORANGE MARKET
December 14, 2020
During the lockdown in March, the demand for oranges went through the roof; a market development from which the southern hemisphere benefited the most. Towards the end of the year, the market in Europe and North America has stabilized and the demand is not as high as a few months ago. This slowdown in the demand has been a cause for disappointment in Spain, where they had initially expected the high demand to be maintained. In North America, many wholesalers…
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Congestion In Chinese Ports Causes Cargo Ships To Divert To Hong Kong
December 10, 2020
The Chinese port authorities have once again implemented strict measures to stop the spread of Covid-19. Many Chinese ports are congested as a result of this decision. Cargo ships with import products, especially those carrying perishable products such as fruit, therefore divert to Hong Kong. A spokesperson for the Hong Kong Sea Port Alliance (HKSPA) stated that Hong Kong is the main beneficiary of the bottleneck in Chinese ports. Hong Kong port offers unobstructed access to refrigerated shipping container terminals.…
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Ample Supplies Of California Celery
November 30, 2020
Supplies of celery out of California are strong. “There’s been a lot of celery around and certainly plenty enough for the holiday pull,” says John Chobanian of Ocean Mist based in Castroville, CA. “We’re going to be on the lighter side for the next two weeks and then we’re back to good numbers for winter planting.”Celery supplies currently come out of Castroville and will until December 3rd. Then supplies transition to Coachella, CA and will do so until March 15th.…
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Container Shortage Drives Up Leasing Rates And The Price Of New Equipment
November 17, 2020
The current global shortage of containers is strongly increasing the purchase price of new equipment and leasing rates. According to the latest container availability index developed by the Container xChange platform, which measures the availability of containers on a 0 to 1 scale where 0.5 marks the line between surplus and shortage, the current index for the 40HC containers is 0.04 in Los Angeles, and 0.22 in Shanghai. Nearly 35 million ocean containers are currently in use around the world…
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OVERVIEW GLOBAL TOMATO MARKET
November 9, 2020
In Europe, the supply of tomatoes from the Netherlands and Belgium grown in unlighted plantations is declining. Imported tomatoes, such as those from Spain, where the acreage has been reduced again, are currently also reaching the market again, and there are also batches from Morocco and Turkey. In South Africa, many tomatoes have hit the market within a short period of time due to the weather conditions, which has put some pressure on prices. In North America, Florida is seeing…
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