Dole Crushed as Bumper Indian Grape Harvest Heads to Europe — Panjiva
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Dole Crushed as Bumper Indian Grape Harvest Heads to Europe

Ags - Fruit/Veg 145 Consumer Staples 805 European Union 878 India 551

Indian grape exports to Europe increased 31% over the recent growing season as a result of a bumper harvest. That’s likely led to a collapse in prices however, with the result that the value of exports in February – the start of the peak shipping season – fell 28.0% year over year. Shipments to the Netherlands, the largest destination market for India’s grapes in Europe, dropped 16.0% in February while those to the U.K. slumped 32.8% lower. Competition between the major EU consignees worked against Dole which saw a 51.6% drop in shipments while Greenyard’s fell 30.0%. The only major winn...

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