Nov 26, 2025 7:30 AM Eastern Standard Time Fresh Del Monte Produce Inc. and THACO AGRI Sign Strategic Sourcing Partnership for Bananas Share New partnership strengthens Fresh Del Monte's sourcing diversification strategy and expands banana production ties in Vietnam, Cambodia and Laos HO CHI MINH CITY, Vietnam--(BUSINESS WIRE)--Fresh Del Monte Produce Inc. (NYSE: FDP), one of the world's leading vertically integrated producers, marketers, and distributors of high-quality fresh fruit and vegetables, today an ...

Core Insights - Beef prices in the U.S. have surged nearly 15% year-over-year, becoming a significant concern for consumers as grocery costs continue to rise [3][8] - President Trump has moved to reduce tariffs on various agricultural products, including beef, in an effort to alleviate rising grocery prices [2][9] - The U.S. is both the largest beef producer and importer globally, with tariffs on imported beef contributing to the price increases, but other factors are also at play [5][8] Price Trends - Inflation data from September indicates that beef prices have increased by almost 15% compared to the same month last year [3] - Other grocery staples have also seen price increases, including a 19% rise in coffee prices and a 7% increase in banana prices [10] Tariff Impact - Tariffs on imported beef and related agricultural products have been a significant factor in rising beef prices, with the Trump administration previously imposing a 50% tariff on Brazilian imports and a 10% tariff on Australian imports [9][10] - The U.S. Cattlemen's Association has highlighted that the current beef prices are not solely due to tariffs but also due to a 75-year low in the national cow herd and increased input costs for ranchers [6][8] Industry Challenges - The U.S. cattle herd is at its smallest level in 75 years, contributing to the rising costs of beef [6][8] - Ranchers are facing steep increases in input costs, which are exacerbating the price pressures on beef [6][8]

Trump Reverses Tariffs On Coffee, Bananas And Other Foods In Response As Prices Soar https://t.co/N8DTiagEiw ...

Trade Policy Adjustment - The US government rolled back tariffs on various everyday staples, including coffee, tea, tropical fruits, cocoa, spices, bananas, oranges, tomatoes, certain beef types, and fertilizers [1] - The US government exempted these items due to limited domestic production [2][3] - Critics question the initial imposition of tariffs on these items [3] Revenue and Rebate Program - The President touted billions of dollars in revenue generated from tariffs [4] - A proposed $2,000 rebate check program for Americans requires congressional approval [4] - The timing for the distribution of these checks is projected for sometime next year [4]

Core Point - President Trump's trade deal with four Latin American countries is expected to lower prices for coffee, bananas, and beef, which have been problematic for several American companies [1] Group 1: Trade Deal Impact - The trade deal aims to reduce costs associated with importing coffee, bananas, and beef [1] - Lower prices for these commodities could benefit American companies that rely on these imports [1]

President Donald Trump is slated to sign an order on Friday reducing tariffs on beef, tomatoes, coffee and bananas, according to a White House official https://t.co/JZzm6Hz8qy ...

President Trump has announced frameworks for agreements on reciprocal t trade with El Salvador, Argentina, Ecuador, and Guatemala. Joining us right now on the latest on trade negotiations is United States Trade Representative, Ambassador Jameson Greer. And Ambassador, thank you for being here today.Uh the way it's being boiled down, at least in the headlines, and tell us if this is the right way of seeing this, is that there are going to be uh exemptions to these terri tariff barriers that are there for goo ...

Tariffs and Inflation - The article discusses what bananas tell us about tariffs and inflation [1]

Scott Bessent says “substantial announcements” on coffee, bananas and other food imports are coming from the Trump administration in the next couple of days. https://t.co/p2UspwrjFI ...

Q3 2025 Highlights - Dole's broadly based business model delivered a good Q3 2025 result, in line with market expectations[9] - The company completed the sale of its Fresh Vegetable division at the beginning of August for $140 million[9] - The board authorized share repurchases of up to $100 million[9] Financial Performance - Q3 2025 revenue increased to $2,279 million, compared to $2,062 million in Q3 2024[25] - Income from continuing operations for Q3 2025 was $241 million, up from $151 million in Q3 2024[25] - Net income attributable to Dole plc decreased to $51 million in Q3 2025, from $144 million in Q3 2024[25] - Adjusted EBITDA for Q3 2025 was $808 million, slightly down from $821 million in Q3 2024[25] Segment Results - Fresh Fruit revenue increased by 115% to $890 million, but Adjusted EBITDA decreased by 367% to $272 million due to higher sourcing costs[28] - Diversified Fresh Produce – EMEA revenue increased by 109% to $998 million, and Adjusted EBITDA increased by 342% to $407 million[32] - Diversified Fresh Produce – Americas & ROW revenue increased by 77% to $420 million, and Adjusted EBITDA increased by 462% to $129 million[37] FY'25 Outlook - The company is targeting the upper end of the $380-$390 million range for Adjusted EBITDA from continuing operations[46] - Routine capital expenditure for continuing operations is expected to be approximately $85 million[46]