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2020-06-08

Frutarom’s CEO, chairman, auditor knew of eastern Europe bribes, claims 2018 letter before action

A letter instigating IFF’s internal probe into subsidiary Frutarom outlines how for years the company used questionable payment methods in Russia and Ukraine.


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Ecuador will decrease its banana production by 10% to avoid oversupply The current oversupply of bananas in Ecuador has caused a drastic drop in the export price. Producers currently receive 2 to 4 dollars per box, even though the minimum support price stands at $6.40 per box.
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Mexico Citrus Update As a result of low orange supplies for processing, fresh concentrated orange juice exports to the United States are expected to fall to nearly half of the MY 2018/19 export level.