25 December 2008
Happy Holidays from Blue Planet Foods and AJ Gourmet
We wish everyone the very best for the Holidays and for the newest year!
18 December 2008
Mandarin Oranges Part 2
Yes, there are Satsuma Mandarins in Spain but maybe only 4 processors left after the swings of the pendulum.
According to a source in Spain:
-harvest 10% less than expected
-prices about 20% up compared to 2007
-excellent quality
-pack already finished
Spanish Industry is selling in Europe under the umbrella of EU Antidumping Duty imposed to China.
These increases are not reflective of the damage to the industry in Spain. The Satsuma Trees uprooted as the Chinese industry bought the business have resulted in a large portion of this increase in price but it doesn't really reflect the irony of the $4 Fresh Clementines that I just bought at my local Jewel Grocery Store!
What a world!
And BTW, did you all see the wild US $ ride of the last days? The FED have abandoned the US $ is the common comment now... You can expand the link to the right and play with the options to see hourly etc....
Whew!
According to a source in Spain:
-harvest 10% less than expected
-prices about 20% up compared to 2007
-excellent quality
-pack already finished
Spanish Industry is selling in Europe under the umbrella of EU Antidumping Duty imposed to China.
These increases are not reflective of the damage to the industry in Spain. The Satsuma Trees uprooted as the Chinese industry bought the business have resulted in a large portion of this increase in price but it doesn't really reflect the irony of the $4 Fresh Clementines that I just bought at my local Jewel Grocery Store!
What a world!
And BTW, did you all see the wild US $ ride of the last days? The FED have abandoned the US $ is the common comment now... You can expand the link to the right and play with the options to see hourly etc....
Whew!
13 December 2008
Mandarin Orange Season Profile Part 1:
This portion is the China Report:
Fresh raw material is supply is up about 15% resulting in a less expensive raw material price to producers then last year. On the surface that looks good but as we all know, nothing is so easy as that these days.
Production is down despite this increase.
Financing is very limited.
While raw material price is down in RMB terms [Last year range of 0.90 - 1.20 vs. 0.60 today] so farmers are not keeping crop for later sales.
Anti Dumping imposing on China's exports to Europe to be announced shortly resulting in very weak orders.
Costs are up including tin plate up 10% and Labor up 20%
Fuel costs are up 50% from last year TMB$600/ton to $900/ton.
FOREX impact frm 1 US $ at RMB 7.3 to today's 6.83.
Chinese New Year is Early this year cutting the production period.
These things combine to make it look like the prices may jump a nice bit after the holiday for those looking to buy.
To get the best prices orders need to be in hand very soon [like now!] to assure price and quality.
More as it comes...
Fresh raw material is supply is up about 15% resulting in a less expensive raw material price to producers then last year. On the surface that looks good but as we all know, nothing is so easy as that these days.
Production is down despite this increase.
Financing is very limited.
While raw material price is down in RMB terms [Last year range of 0.90 - 1.20 vs. 0.60 today] so farmers are not keeping crop for later sales.
Anti Dumping imposing on China's exports to Europe to be announced shortly resulting in very weak orders.
Costs are up including tin plate up 10% and Labor up 20%
Fuel costs are up 50% from last year TMB$600/ton to $900/ton.
FOREX impact frm 1 US $ at RMB 7.3 to today's 6.83.
Chinese New Year is Early this year cutting the production period.
These things combine to make it look like the prices may jump a nice bit after the holiday for those looking to buy.
To get the best prices orders need to be in hand very soon [like now!] to assure price and quality.
More as it comes...
06 December 2008
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