Del Monte Rides Fresh Fruit Boom While Dole Has China Tariff Opportunity — Panjiva


Del Monte Rides Fresh Fruit Boom While Dole Has China Tariff Opportunity

Ags - Fruit/Veg 82 Chile 51 China 1758 Cons. Staples - Food/Beverages 395 U.S. 3297

Fresh Del Monte has commissioned six new container vessels to take advantage of the surging growth in U.S. imports of fresh fruits. That follows a 10% increase in U.S. imports of fruit and vegetables by sea in the 12 months to August 31, an acceleration from 5% in the prior three years. An 18% surge in shipments from Chile have led the way. Chilean exporters, led by Dole, have also seen an 89% jump in exports to China in the 12 months to June 30. There’s an opportunity for further growth given the Chinese government has applied duties to U.S. exports of fresh fruit. Products that Dole ex...

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