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COVID-19 Headwinds Lead Freshippo To Cut Valuation

Chinese supermarket chain Freshippo has cut its fundraising valuation from $10 billion to $6 billion, driven by COVID-19 restrictions such as the recent Shanghai lockdown.

July 25, 2022
Produce Report
2021/22 South African Table Grape Season Concludes With Intakes Up

South African table grape production increased by 4% in the 2021/22 season, reaching 349,650 metric tons.

July 24, 2022
Produce Report
Pagoda and Hortgro Stage Apple Tasting in Guangzhou

South African apples have proved a hit with customers at China’s largest chain of fruit shops.

July 21, 2022
Produce Report
World Bank: Cambodian Ag Exports Face Headwinds, Fresh Produce to China a Bright Spot

A recent World Bank report predicts that Cambodian agricultural exports to China will continue to increase under the new Cambodia–China FTA, despite some challenges.

July 20, 2022
Produce Report
MissFresh Announces 200 Million Yuan in Equity Financing

Not long after MissFresh ceased its operations in nine cities owing to financial issues, the company has secured equity funding from the Shanxi Donghui Group.

July 19, 2022
Roy G
[Press Release] Ramboos Season Sprouts at Goldenberry Farms

Goldenberry Farms has unveiled its new Ramboos line of branded rambutans in North America.

July 18, 2022
Produce Report
USHBC Warms Up China Market With Blueberry Webinar

The U.S. Highbush Blueberry Council recently held a pre-season webinar to introduce Chinese fruit industry representatives to U.S. blueberries.

July 17, 2022
Produce Report
After Posting Record Losses, MissFresh Ceases Operations in 9 Cities

With net losses of over $1.5 billion in the past four years, MissFresh has now closed its operations in nine cities.

July 14, 2022
Roy G
Protocols Signed, Vietnamese Durians One Step Closer to China Market

Bilateral phytosanitary protocols have now been signed for the import of fresh Vietnamese durians into China.

July 14, 2022
Produce Report
Dali Winter Jujubes Hit Market in Summer, Fetching High Prices

Cultivation in greenhouses and polytunnels has allowed Dali winter jujubes to hit international markets in summer, fetching high prices.

July 13, 2022
Roy G

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