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

Panjiva_research_logo

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...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.