MARKET UPDATE

Shipping Market Conditions Remain at Critical Levels

June 3, 2021

The port of Yantian in China has stopped receiving export laden containers until the end of May, 2021 due to a COVID outbreak, causing major congestion at the port and peripheral areas. The government mandated restrictive measures within the terminal complex have brought the flow of containers waiting to get in the terminal to a halt. Steamship line carriers are…

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Port Issues Causing Logistical ‘Disaster’ for Exporters & Importers.

March 18, 2021

Nationally and globally, ports are struggling to handle the complex logistics of supply chains affected by the public health pandemic that has stretched throughout the past year, especially the Los Angeles and Long Beach ports in California. A number of troubling issues that have persisted for months, are slowing exports and imports, which as stated by industry experts, include the…

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Only human labor used for harvesting coconut for Ambrosia coconut milk in Thailand

November 9, 2020

As you may have heard, PETA has been pushing retailers to stop selling coconut milk allegedly made with coconuts harvested by moneys, ever since it began investigating the alleged animal exploitation about a year ago. In reply to these allegations – Costco has recently pulled a major coconut brand from their shelves.  We want to reassure our customers that the supplier…

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Thai pineapple fruit supply continues to be extremely short

November 9, 2020

For several months, our packers have been reporting that the supply of raw material has been extremely weak, with record high prices. The winter harvest is off to a slow start; the harvest season (October through December) has been delayed to mid November because the fruit is still small and the tonnage per acre is very low. Industry experts predict that…

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UPDATE: Coronavirus Impact on Trade and Transportation with China

February 14, 2020

In many parts of China, businesses were scheduled to resume work this past Monday, 2/10/2020, but a variety of data indicates progress has been slow as the virus remains an unresolved concern. The lockdown measures, together with the substantial extension of the Lunar New Year holiday, have significantly delayed resumption of business and production. Even though a significant share of…

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Coronavirus Impact on Trade and Transportation with China

January 31, 2020

Now that the World Health Organization has declared the outbreak of the coronavirus a global public health emergency, the impact on trade and transportation with China is starting to take shape. A few days ago the Central Government of China, together with local provincial and city governments, ordered the official extension of the Chinese New Year (CNY), in an effort…

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Chinese Mandarin Oranges: How Shortage and the Chinese New Year is Impacting Business.

January 2, 2020

The mandarin orange season seems to be a little more complicated in China this year than last year. The packing season started slowly due to the lack of interest of buyers that had significant higher priced inventory from the 2018/19 season. However, things turned around quickly near the end November when the raw material prices started moving up rapidly. The raw…

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Thai Pineapple Crop Update

November 20, 2019

The pineapple market continues to be very difficult. Due to sluggish demand and low prices at the end of 2017 and throughout 2018 the price of fresh pineapple dipped as low as 3 Baht per kilo (about 10 cents) and farmers became discouraged from growing the fruit altogether; many of them switched to more profitable crops like mango, rubber, jackfruit…

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China Tariffs to Increase to 25% as of May 10, 2019

May 14, 2019

*** Notice of Modification of Section 301 Action: China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation *** (Federal Register) The “Section 301 action” was released back in September, as part of the US’ continuing response to “China’s abuse of intellectual property and forced transfer of American technology”. This rule included the immediate assessment of an…

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Thai Pineapple Supply is Slowly Recovering

September 6, 2017

As Thai pineapple processors are getting ready to make a push for 2018 at the ANUGA Food Show in Cologne, Germany October 7-11th, 2017, they are reporting that the fruit supply is slowly recovering from last year’s low levels. Thai canned pineapple products have taken a lot of “beating” from end-users during the last 12-18 months because of lack of…

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