Essentially the results are as expected.
EU Banana Market Favours New Exporting Countries
Publication date: 02 June 2006
Author: Andr� van der Wiel
Tholen - The elimination of the European banana import license system has given new banana exporting countries access to the European banana market, which is generally considered to be a profitable market. Based on the first 2006 figures it appears that Brazil, Ivory Coast, Surinam, Guatemala, Jamaica, Peru and the Dominican Republic have clearly profited from the implementation of the new tariff of � 176 per MT.
When the first three months of 2006 are compared to the same period in 2005, it appears that the exports per country have shown increases varying from 2500 to 15K MT. Exports from Ivory Coast increased from 44.871 MT to 60.657 MT, while Guatemala increased its exports from 78 MT to 1459 MT. Also traditional export countries like Ecuador, Colombia and Costa Rica have shown increases, but more moderate ones. The Ecuadorian exports to the EU increased during this period with 9% to 332.451 MT.
Total European imports for the first three months in 2006 amounted 1.028.791 MT. This is an increase of 8% compared with 2005. The presence of new players on the market, like Ghana, Guatemala and Jamaica has had its effect on the market and according to Alfredo Montalvo, president of the Ecuadorian Association of Banana Exporters AEBE, these lots bring down the market, while traditional producers are trying to monopolize the market.
"Lets just say Not only boys,,,get the Picture..."
Pets too? uhooh!!! This guy must be bad news. Sounds like he screwed a lot of people. What happened, did he 'out' the CIO.. What's this about selling company applications on the internet for persoanl gain? WOW!!!
"get the Picture"
Since the first post about ledfo*d last November there has been constant specualtion he has good pictures on someone in upper management.
This is far superior to Day of Our Lives...
I totally disagree with you in whatever you tried to say. This could turn out worst than the Tylenol debacle, and that was a direct attack on a product. As fernandoaguire says, just the 'wrong' person needs to be involved,,,,disaster....I'm sure FE is trying to correct this, but time is against them...keep your fingers crossed.
I'm somewhat surprised that after the recent deaths directly related to eating Fresh Express products and people contracting e-coli bacteria that this stock hasn't taken a hit. We have to assume that it will happen again since CQB/FE haven't implemented any preventive measures, which I'm not sure if there is any. This is like a time-bomb in a bag. Just one "wrong" individual gets sick or dies from this and the entire company is gone. Any comments?