Sun World International LLC, a global fruit genetics, R&D and licensing company, announced an agreement to be acquired by Bridgepoint, an international private equity group. Bridgepoint will become controlling shareholder alongside management and succeed a transformative and successful period of ownership from Renewable Resources Group LLC and Vision Ridge Partners.
Sun World taken over by Bridgepoint
Migiva Group Differentiates Premium Table Grape Offer
The Peruvian grape season begins with prospects for growth in exports of premium varieties
Press release & photo: San Miguel
By the end of 2020, San Miguel begins its Peruvian grape season. From the North of the country, the company ships this fruit mainly to the United States and China. As a result of a number of measures taken to improve fruit quality, export volume grows, mainly Sweet Globe®, the most exported seedless variety in the world.
Southern Hemisphere grapes withstand impact of pandemic
The Southern Hemisphere exported 1.315 billion tons of grapes in the 2019/20 marketing year. Even though the Southern Hemisphere 2019-20 grape campaign was hit by the effects of the pandemic, by adapting rapidly, export levels remained fairly stable. Patented varieties are making significant progress compared to classic varieties. Peru's growth continues, while Chile’s crop was smaller due to adverse weather, political and commercial conditions.
IFG unveils creative names, logos for new line of varieties
Global grape output climbs 4% despite EU losses
The global 2019/20 grape crop is projected to grow 4% to 23.4 million tons, thanks to rebounding China supplies, according to USDA/FAS data. However, exports are expected to shrink slightly as lower shipments from India and the US more than offset gains from China and Mexico. China’s output is predicted to climb 9% to 10.8 million tons, as vineyards recover from last year’s severe frost. Rebounding supplies are expected to drive exports to a record 360,000 tons, as higher shipments to the Philippines, Bangladesh, and Vietnam facilitate China’s continuing upward trend.
Chile’s grape exports remain stable despite drought
Chile’s table grape planted area in 2019/20 remained stable at 47,834 ha, as did production (835,000 tons) despite the country going through an 11-year drought period, which has intensified in MY2019/20. According to USDA estimates, Chile exports around 80% of all table grape production. Grape exports for the 2019/20 season are forecast to reach 657,000 tons, practically unchanged from 2018/19.
Chile’s grape exporters turn disaster into success
A couple of months ago, Chile’s grape sector was looking at a potentially disastrous campaign, given the loss of the lucrative Chinese market. However, suppliers wasted no time in finding other markets and has successfully diverted supplies to the EU and the US. In fact, shipment volumes of Chilean grapes to the EU are up 40%, while exports to the US have risen by 7% from the same period last year. Exporters have also been aided by the weak Chilean peso, which has made its products relatively cheaper for overseas traders.
Chinese grape sector develops
China’s 2019/20 table grape imports are estimated to be down almost 5% to 250,000 tons, due to the improved quantity and quality of the domestic crop. China’s main sources for grape imports are in the Southern Hemisphere (Chile, Peru and Australia) during the off-season, while the US is traditionally China’s main grape supplier in the Northern Hemisphere. However, the trade dispute with the US has led China to grant access to Spanish and Portuguese grapes.