Beleaguered fruit producer Chiquita has posted a net loss of US$397.8 million in the first quarter.
The company had a net income of $4.1m last year, but has only recently emerged from Chapter 11 bankruptcy protection.
Although sales increased by nine per cent to $629.5 m in the loss-making period, it appears the firm is burdened by restructuring costs and charges from new accounting rules.
Welsh farming union supports new stakeholder group to assess government sustainable farming scheme
A new R1.2m agreement will support the commercialisation prospects of black citrus producers and break down export barriers
Sales and net income both fell during the opening quarter of the year when compared with 2023
Box-scheme specialist has tie ups with a number of food charities
UK vertical farm specialist is listed by FoodTech 500 as number-one controlled-environment-agriculture technology firm globally
National Fruit Show will also become a one-day event this year
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