By Freshfruitportal.com
Cherry growers in the Argentine province of Mendoza are facing negative cash flows this year due to rising costs and a flat European market, website Losandes.com.ar reported.
Mendoza Cherry Commission president Alberto Carleti, told the website the industry’s outlook was ‘not good’, underscored by higher input costs that were not translated into better prices in destination markets.
“The underlying problem, as with most agricultural activities in Mendoza, is that the increased costs and the exchange rate that has been broadly stable in recent times, have made us lose competitiveness,” he was quoted as saying.
“The sector is not going to be profitable this year, and worse still, it’s very possible that... Read Full Article