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Article: Vegetable firms hot commodities in '07, as green scene becomes less serene: scarcity of precious peas reaches historic level in Europe. Couple that with zero or near-zero carryover of key vegetable varieties, and it is no surprise that prices are shooting up.(News from Europe)(Company overview)
- Article from:
- Quick Frozen Foods International
- Article date:
- January 1, 2008
- Author:
CopyrightCOPYRIGHT 2008 E.W. Williams Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As a severe shortage of peas and tight supplies of beans and sweet corn in Europe impacted the EU frozen food market in late 2007--and will continue to be felt until new crops are harvested in 2008--another development still reverberating has to do with the supply of and demand for vegetable processing companies on the auction block.
Buyers have recently seen the price of peas spike 30% and a number of scarce vegetables become more expensive than a year ago, but it was the sale of revered frozen vegetable producers such as Oerlemans Foods, Salvesen and Padley that had tongues wagging in the trade, as much as talk about upward price trends.
Then there was ...