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Prices Tumble as Glut of Northern China Tomatoes Hits Market in AugustTomato prices in China have fallen recently owing to supply outstripping demand alongside quality problems in some growing areas. |
August 28, 2022 Produce Report |
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Agriculture Cooperation Deepening, Cambodia Pushes for Broader China Market AccessCambodian and Chinese officials recently met in Phnom Penh in an effort to further strengthen agricultural ties between the two countries. |
August 25, 2022 Produce Report |
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MissFresh Announces Temporary Shutdown of Its On-Demand ServiceUnder considerable financial strain, MissFresh has temporarily shut down its on-demand service. The company’s share price has plunged by 65% over the last week. |
August 02, 2022 Roy G |
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Shangri-La Matsutake Mushroom Season Arrives With Prices Exceeding $700 per KilogramThe matsutake mushroom season in Shangri-La County has arrived with high prices, despite challenges from overharvesting. |
July 26, 2022 Produce Report |
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COVID-19 Headwinds Lead Freshippo To Cut ValuationChinese 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 |
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World Bank: Cambodian Ag Exports Face Headwinds, Fresh Produce to China a Bright SpotA 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 |
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MissFresh Announces 200 Million Yuan in Equity FinancingNot 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 |
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After Posting Record Losses, MissFresh Ceases Operations in 9 CitiesWith 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 |
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[Press Release] SHAFFE Launches International Master’s Degree for Fresh Produce Industry ProfessionalsThe Southern Hemisphere Association of Fresh Fruit Exporters has launched a new master’s degree for produce industry professionals. |
July 06, 2022 Produce Report |
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New Round of Layoffs at Hema FreshHema Fresh has begun a new round of layoffs, as the Shenzhen branch is fined for breaching pesticide residue standards. |
June 30, 2022 Roy G |