- Ein- und Verkäufer Obst
- Horticultural Technician
- Head Grower Strawberries, Norway
- Tissue Culture Laboratory Scientist
- Manager Operations & Logistics
- Vegetable Advisor (Permanent)
- Horticultural Commercial Director
- Senior Operations Manager Nursery
- EU Sales and Region manager
Top 5 - yesterday
- Chinese shiitake grower opens production in Poland and Spain
- Supply gaps imminent for California spring vegetables following record rains
- "This next step opens the door for the apple variety to be grown in other countries and sold under the Soluna™ brand"
- South African onions increasingly important to the UK & Europe
- "Australia's grape exports start strong in Asia"
Top 5 - last week
- “We hoped to harvest more than 400 tons of early potatoes, but I'll be surprised if we get to harvest 150 tons”
- "We produce 70 tons of mushrooms per day"
- Eastern buyers prefer the taste of South African Grannies
- Israeli farmer grows world's heaviest lemon
- Berg River grape farm forgoes a packhouse for field packing
Top 5 - last month
- Tropical cyclone Freddy brings heavy rains in parts of South Africa
- "Consumers will happily pay two euros for a Mars bar or can of Coke but not for their veg”
- "I spent 10 years as a worker, now I manage 120 hectares of citrus fruit, stone fruit and strawberries"
- PM Hipkins learns that most Hawke’s Bay crops were uninsured
- Supermarkets limiting sales of veg per customer
Mike Su, Sufresh
2% devaluation of Chinese yuan stimulates fruit and veg export
The stock exhange for the Chinese currency, the yuan or renminbi, is connected to the dollar. This has seen a large spike in connection to other currencies such as the Euro and the Japanese yen. As a consequence, the yuan has become 10% more expensive in comparison to the yen and the Euro. This is why the Chinese authorities have decided to lower the yuan's forex rate.
Effect on import
Although exports will see a significant boost, this doesn't mean that it will not have a negative effect on fruit and vegetable imports. "Naturally, imports are going to become more expensive due to this action. I am currently paying almost $1 per box extra for my imports out of South Africa," Mike Su continues. Still, he expects that it should not affect the demand for imports. "Import goods are always more expensive and are primarily purchased by China's wealthy. They are not going to bat an eyelid at a few cents."
More consequences expected
It is difficult to say whether or not the Chinese government has any more surprise decisions planned. "I suspect that the government is first going to see how this all plays out, but I would not be surprised if it is set at an even lower rate in the future." says Mike Su from Sufresh.
Author: Sander Bruins Slot
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