Total Produce shares tumble in London as Dole cuts IPO price range
Dole Plc on Wednesday slashed the marketed price range for its initial public offering (IPO) in the U.S., a move that reduced the fruit and vegetable grower’s targeted valuation by more than $400 million. The company said it plans to price its shares between $16 and $17 apiece, compared with the previous range of $20 […]
How BerryWorld and its growers are thriving while keeping an eye on the environment
Like most UK produce companies, BerryWorld for decades not only has focussed on delivering high-quality fruit to consumers but also ensured its operations and growers do in a sustainable manner. Its grower base are all Global Gap certified, as well as meeting Nurture, Sedex, BRC and Leaf standards for food safety and labour. While working […]
South Africa’s citrus markets to see ‘very little impact’ as port gets back to normal
South Africa’s citrus industry body says there will be “very little impact” in its export markets following a few days of disruption as violent unrest erupted in the country. Parts of the country were recently gripped by more than a week of chaos in which more than 200 people were killed as looters ransacked shopping […]
Sainsbury’s asks customers to keep masks on as UK government lifts mandate
As the UK government lifts mandatory masks in public settings on Monday, one supermarket chain says it will strongly encourage customers to keep them on. Officials at Sainsbury’s say they will ask its shoppers to continue to put on face coverings as they shop at stores, providing an extra layer of protection for themselves, other […]
Tesco, FareShare team on ‘Buy One’ produce scheme to aid children
Tesco is launching a fruit and vegetable scheme aimed at helping children experiencing food insecurity this summer. The UK retailer’s Buy One to Help a Child initiative, which runs through 8 August, hopes to gain three million meals that will be turned around and distributed by charitable organisation FareShare. There are currently more than two […]
UK retail food and grocery market growth to slow sharply
In its annual retail food and grocery market forecast, IGD predicts that the growth in 2020 will slow this year and the next, as shoppers economize and the foodservice industry reclaims sales. The unprecedented 8.5% growth last year is predicted to drop to 1.7% in 2021 and then to 0.9% in 2022. This sharp decline […]
Deeper issues at heart of driver shortage as crisis sets to intensify
The disruption highlights longstanding recruitment difficulties plus food pricing concerns, and may worsen as consumer demand rises this summer. Real solutions are needed to resolve the current shortage of delivery drivers in the UK. That is the consensus of representatives from the fresh produce supply chain, who point out that this crisis has long been […]
Australians enjoy dirt cheap avocados amid record production
A record avocado crop in Australia has sent local markets prices down to just A$1 (US$0.77), just a couple of years after prices hit A$9 (US$7) in the summer of 2018. The eye-watering drop in price is due to a bumper crop – the result of good weather and new trees. Australia is home to three […]
