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Fresh Del Monte Produce Inc. Message Board

  • dcmorlando dcmorlando Nov 10, 2004 9:51 PM Flag

    Hey Leon


    Yeah, america is full of jackasses. I can't apologize for the election. I did my part. Continued deficits, bad current accounts. Personally I am long CQB, not FDP. I can't believe you did not post something regarding 2.30 EU. Good luck.

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    • Leon,
      Where are you going with this? FDP in their cc said that it can't wait to be put on the same playing field as CQB. It could not have been more clear. The point is to move supply and demand to a meeting point for the ACP countries who could have a viable industry. Period. This man is not defining a final position he is setting up a political position. I think things look real good for FDP.

    • EU Unveils New Banana Tariff
      In another development closely related to ACP preferential market access, the European Commission on 27 October floated its proposed new EUR230/tonne tariff for bananas once the present quota system is dismantled in 2006. Although ACP countries will keep their duty-free access, they fear that without guaranteed quotas their exports cannot compete with much cheaper Central and Latin American bananas. They had called for a EUR275/tonne tariff.
      Costa Rica called the EUR230 tariff (Latin American exporters had proposed a EUR75/ tonne) a �slap to the multilateral trading system� and said it would jeopardise the Doha Round. In particular, Costa Rica noted that a EUR230 tariff would violate the July framework agreement, which � as a special and differential treatment mesure � calls on Members to achieve the �fullest liberalization of trade in tropical agricultural products�. If the EU did not abide by that commitment, Costa Rica said the Doha Round would be �meaningless� for developing countries.
      The EU is to start negotiations on a new tariff with affected exporters shortly. In view of the vast differences, the final tariff is likely to be set by WTO arbitration at a level designed to guarantee Central and Latin American exporters at least their current level of market access.

      • 1 Reply to LeonMusa
      • About time my friend. This says Oct 27? I don't think the EU feels there is any reason to compromise; but who knows where Bush will throw his weight around? If I had seen more US concern over the Iran enrichment treaty I would be concerned about buying FDP/CQB at these levels. As it is, I like both companies relative to the market. I am long CQB due to the recent dip in price, but that is ending and I am starting to see the long term benefits of being long FDP again. Any thoughts?

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