To alleviate a glut in the cranberry market, USDA made three separate purchases of about 3.9 million cases of cranberry products for distribution in federal food assistance programs worth a total of $54.9 million. Between the 2014 cranberries crop and fruit still unsold from 2013, the global cranberry supply stood at 16 million barrels (1.6 billion pounds). Demand over the next year is expected to be about 8.2 million barrels, according to the U.S. Cranberry Marketing Committee.
USDA purchased 1.4 million cases of 24/400 cranberry sauce worth about $16.9 million dollars; 471,168 cases of 16/30-oz. dried cranberries worth about $19.5 million; and 2.0 million cases of 12/11.5-oz.-oz. cranberry juice for about $18.6 million.
Deliveries are to be made between Mar. 16 and Aug. 31. View Details
There are no comments, yet. Why don't you add one?
10 Mountainview Road
Upper Saddle River, NJ 07458
Food Institute reps are available to answer your questions
BECOME A MEMBER
For close to 90 years, The Food Institute has been the best "single source" for food industry executives, delivering actionable information daily via email updates, weekly through The Food Institute Report and via a comprehensive web research library. Our information gathering method is not just a "keyword search."