Posts Tagged “global trade”
Tridge, a global sourcing and market intelligence hub for food buyers and suppliers, has reported the latest market trends affecting the food and agriculture sector. This week the biggest news relates to a surge in demand for Mexican strawberries, which has increased its export rates by 11% since April.
In comparison to this time last year (April – June), the demand for the product in the global market has risen significantly. North America, for example, has increased its import rate for Mexican strawberries by 23%.
A similar trend has been witnessed for Mexican bananas. Despite prolonged lockdown in the country, exports for bananas have increased by 8% compared to 2019, with North America and Europe being the main export destinations.
However, Middle Eastern countries have experienced a decline in fruit imports from Mexico. This is due to a lack of air freight and trade restrictions across borders, resulting from the impacts of Covid-19.
Hoshik Shin, founder and CEO at Tridge, said: “While the impacts of Covid-19 are still impacting trade, our workforce has observed significant increases in the demand for fruits from European and North American importers.
“Weather conditions and labour shortages have affected harvest yields for some producers, meaning that importers will be looking for alternative suppliers. Using an online sourcing and trading platform such as Tridge will give buyers more options when looking for quality products at good prices.”
About Tridge
Tridge is a global trade ecosystem where buyers and suppliers of agricultural and food products can find everything they need to understand their markets with just a simple search. Using a combination of the latest digital technology and the latest insights gathered through a human network, they provide a very powerful global-scale platform for buyers and suppliers to connect and do business with each other more confidently.
Using a global network covering over 150 countries worldwide, Tridge has developed a comprehensive data set of 300,000,000+ prices and 1,600,000,000+ trade data points covering 1000+ items in the agriculture and food sector, and successfully facilitates the B2B and B2C trading of these items. Tridge aims to achieve digitalisation and globalisation of the trade industry.