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SIGNALS INDICATE THAT BRAZIL MANGO SHIPPERS ARE ABOUT TO SHOOT THEMSELVES IN THE FOOT...

By Will Cavan
Executive Director
International Mango Organization (IMO)
Vista, California


www.mangoworldmagazine.blogspot.com




September 1, 2011




Shipper data out of Brazil is causing the IMO concern in both the European and USA markets.


After what seemed an orderly program out of Brazil, shipping volume is creeping past levels that would indicate a potential market collapse is on the horizon.


This time of year is always touch and go for shippers out of Brazil as Atlantic storms could cause a back log on shipping schedules. As volumes start to overheat (crossing responsible limits) back breaking volumes could hit the marketplace, making it very difficult to pull out of a losing proposition for shippers in Brazil and importers at destination.


Both of these limits were crossed in week 34 out of Brazil. A very risky 73 containers were shipped to Europe which could see a very limited market place collapse.


More worrisome is USA data that shows 125 containers shipped from Brazil to the USA market plac…

ROUBINI IS NOW CALLING FOR A USA RECESSION IN 1ST QUARTER OF 2012...WITH GLOBAL RAMIFICATIONS...STORE UP ON CASH...

RGE Market Strategy


By Gina Sanchez, Ibrahim Gassambe and Dayna Goodwin


Sep 1, 2011 4:00:00 PM | Last Updated


Read this analysis on Roubini.com


Since downgrading our equity outlook on August 1, we’ve advised investors to reduce their exposure on strength, as we expect the environment to further deteriorate despite the sharp revision in expectations.


We are taking the current strength as an opportunity to close our equity versus cash overweight, bringing it to neutral, and close our emerging markets (EM) versus developed markets (DM) overweight.


The RGE Economic Research Team now expects a recession in Q1 2012 and has sharply revised its growth forecast for the U.S. to 1.5% for 2011 and the 0.6-1.0% range for 2012, well below consensus expectations.


While these revisions leave our 2011 EPS estimate unchanged at $94, we are now lowering our 2012 EPS estimate to $85. We expect significant headwinds for equities from continued GDP and earnings revisions.


The bond market also continues to sugge…

CALIFORNIA MANGO HARVEST IN FULL SWING...STRONG MARKET FOR TOP QUALITY FRUIT...

By Will Cavan
Executive Director
International Mango Organization (IMO)
Vista, California


www.mangoworldmagazine.blogspot.com




September 1, 2011




The California mangoes from Coachella Valley have begun Harvest and demand exceed supply.


FOBs on larger fruit 4 & 5s are running $7.50...6 & 7s are running $8.50 and smaller sizes are running at a premium $9.50 per carton.


Corona College Heights Citrus has been handling the deal for almost 10 years now.


The Coachella Valley mangoes sell at a premium as they are not subjected to Hot Water Treatment and the fruit is farmed under optimum (Premium) conditions.


High quality clean blemish free fruit is the standard for the HMS managed groves.


CCH CITRUS President John Demski was a participant at the IMO conference in Malaga, Spain in 2003.






Harvest started two weeks ago with the Three Flags Ranch fruit that is owned by the Mormon Church, and will move north in the valley to the Howard Marguleas owned properties.


Ted Johnson, who manages the Marguleas pro…

STORMS IN THE ATLANTIC MAY PLAY "HAVOC" WITH BRAZIL'S ORGANIZED SHIPPING SCHEDULE THIS SEASON...

As hurricane Katia picks up steam, potential tropical storm forming in Gulf


Hurricane forecasters now have two storms to watch: Hurricane Katia could be on its way to becoming a category 3 storm, while a storm system in the Gulf could organize into tropical storm Lee within 48 hours.




This NOAA satellite image shows tropical storm Katia in the Atlantic Ocean Tuesday. Katia is now a hurricane.



By Pete Spotts, Staff writer 
/ September 1, 2011


Forecasters at the National Hurricane Center are moving into juggle mode as they track hurricane Katia in the Atlantic and a mass of storm clouds in the Gulf of Mexico that stands a 70 percent chance of becoming a tropical cyclone within the next 48 hours.


Katia shaping up to be major hurricane, impact on US unclear
Hurricane Irene by the numbers: state by state damage reports
Why insurance might not cover billions in hurricane Irene damage


This new system in the Gulf should encounter conditions Thursday that would strengthen it, forecasters say.

If that hap…

COMMODITY MARKET FOR SEA CONTAINERS GOES "LIVE"...SHIPPERS WILL BE ABLE TO TRACK ROUTES BASED ON SUPPLY & DEMAND...AND HEDGE AGAINST SHORTAGES OR RATE HIKES...

World Container Index Goes Live


Bruce Barnard 
| Sep 1, 2011 3:56PM GMT
The Journal of Commerce Online - News Story



Europe-based assessment shows some ocean freight rate increases on major routes



The World Container Index went live today, with the first Europe-based assessment of ocean freight rates showing increases on some major liner trade routes.

The spot container freight rate index on the Shanghai-Genoa routes was $2,270 per 40-foot container equivalent unit, up 8 percent from the assessment made in the first week of August.

The rate on the Shanghai- New York route was 11 percent higher over the same period at $3,477 per FEU.

The WCI rate indices for the backhaul routes from Europe and the U.S. to China remained stable over the past month.

“We expect trading of container derivatives against the WCI index to start this month,” said Philip Damas, an executive at London’s Drewry Shipping Consultants, the joint owner of the WCI with Cleartrade Exchange.

“Shippers who have contacted WCI will g…

BRAZIL MANGOES BEGINNING TO MAKE PRESENCE FELT IN EUROPEAN MARKET AFTER VERY LOW SUPPLY...

By Will Cavan
Executive Director
International Mango Organization (IMO)
Vista, California




www.mangoworldmagazine.blogspot.com




September 1, 2011




Shipper data obtained by IMO reveals that this weekend's arrival in Europe will bring some relief to the drought of supply in the market place as 43 containers of Tommy Atkins mangoes from Brazil will be distributed across the European union.


The United Kingdom finishing up with African, Middle eastern and Spanish mangoes will only receive two containers initially.


The bulk of the containers (30 to be exact) will be distributed via Holland for Germany and northern European markets.


The remaining 11 containers are destined for southern Europe via Spanish distribution channels.


The following week volume will gradually increase as 49 containers are scheduled for arrival with distribution spread out as follows:


Two containers for the United kingdom.


38 containers for Northern Europe.


Nine containers for southern Europe.


Two weeks from now expect weekly volu…

GLOBAL VIEWERSHIP THE KEY TO IMO BLOG SUCCESS...AS BLOG CLOSES IN ON 70, 000 VIEWERS...HERE IS A SNAPSHOT OF TODAY'S TOP 10 COUNTRY VIEWERS...

TOP 10 BY COUNTRY AudienceRefresh Now Day

WHEN PERISHABILTY BECOMES AN ISSUE...THE "BIG BOYS" GO THE VALUE ADDED ROUTE...PULP & ULTIMATELY THE FINISHED PRODUCT...PRIVATE LABEL ICE CREAMS, ETC...TIME TO LEARN FROM THE INDIA MODEL...

Aamras takes the brand route



Sohini Das / Kolkata


September 02, 2011, 0:37 IST





After tasting success with its newly launched premium ice cream range, Ahmedabad-based Vadilal Industries, the second largest ice cream maker in the country, is now planning to spread wings in the processed fruits business with its aamras brand, ‘Garden Fresh Kerino Ras’.

The branded aamras and processed mango pulp category is all set to see some activity in the coming months.


Players like Jain Irrigation, the largest mango processor in the world, which now operates in the business-to-business (B2B) segment, is all set to come up with its branded ‘aamras’ this month.






BSE | NSE
Price






- Ice cream makers form association
- Association for ice cream makers to boost consumption
- Vadilal's shares start trading on NSE
- Vadilal eyes pan-India presence in mango-pulp, 'aamras'
- Vadilal launches 'Badabite' ice-creams
- Vadilal eyes 25% share of ice cream market in 2-3 yrs




Traditionally, ‘aamras’ would …

JUDGE ORDERS FINAL STAY BEFORE LIQUIDATION IS SET TO COMMENCE ON THE 11TH OF SEPTEMBER 2011 FOR AGREXCO...CLOCK IS TICKING AS THE INEVITABLE LOOMS FOR STORIED 56 YEAR OLD ISRAELI COMPANY...

IMO NOTE: TRANSLATED ARTICLE FROM HEBREW TO ENGLISH BY GOOGLE


Court: Agrexco commence liquidation proceedings within two weeks






After the failure of the freezing of the Court proceedings on the last extension until September 11 to prepare a request for dissolution. Judge Varda Alshech valid decision the bondholders who says she had to follow in time for the state of Agrexco



District Court judge in Tel Aviv Verde Alshich extended today (Tuesday) the freezing of Agrexco proceedings until September 11 but this time in preparation for dismantling and transfer request the company to a path of dissolution, after freezing procedures failed.









Alshich wrote in her decision that no creditor can impose order on a group that endorsed him and against him, for the settlement covers only a very small percentage of non-guaranteed oblivion.


Layoffs exclusive ":what they forgot the appraiser of Agrexco road price tag of 109 million euros ignored firm Kesselman & Kesselman Agrexco the evaluation o…

PALESTINIANS TAKING CREDIT FOR "UNSALEABILITY" OF AGREXCO...VIEW LIQUIDATION AS A RESULT OF GLOBAL BOYCOTT EFFORTS...CLAIMING PRODUCTS PRODUCED IN OCCUPIED TERRITORIES ARE ILLEGAL...

Settlement produce exporter Agrexco set for liquidation


Submitted by maureen on Thu, 09/01/2011 - 12:12


The Israeli produce company Agrexco, which has been a key target of the boycott, divestment and sanctions movement in Europe, is set for liquidation, the Israeli business publication Globes reported Tuesday.

Agrexco, Israel’s largest fresh produce exporter, has come under pressure because the majority of its goods are grown in illegal Israeli settlements — though they are often misleadingly labeled as “product of Israel” in European supermarkets. The Israeli government also holds a 50 percent stake in the company.
As The Electronic Intifada reported earlier this summer, more than a hundred activists from nine countries convened for the first ever European Forum Against Agrexco.     

Stephanie Westbrook reported for EI:


From 4-5 June, delegates from Italy, United Kingdom, Switzerland, Belgium, Netherlands, Spain, Germany and Palestine joined the French organizers for two full days of wor…