US juice drinks producer Ocean Spray sold 210,000 gallons of concentrate at its second cranberry concentrate auction this month.
The auction, a trading platform introduced in 2009 to offer fair and transparent trading, saw the firm sell at a clearing price of US$20.50 per gallon for the first delivery period and $24 per gallon for the second contract delivery period.
The US-based cooperative, consisting of around 600 cranberry and 50 grapefruit growers, will now run its concentrate auctions on a quarterly basis, the firm said yesterday (11 February).
Subscribe to Just Drinks for just £1 for 1 month
Stay ahead with unbiased news, expert commentary, and in-depth features on global topics.
As a trusted provider of data and insights, Just Drinks collaborates closely with industry leaders and professionals to offer unique thought leadership and analysis. Gain a deeper understanding of the apparel industry’s trajectory and the priorities shaping the profession.
What’s included in your subscription:
- Personalized Access: Secure login to Just Drinks
- Industry News & Expert Commentary: Timely updates and exclusive C-level interviews.
- Case Studies & Deep Dives: Real-world applications and in-depth analyses.
- Exclusive Subscriber Newsletter: Weekly top features, plus a new thematic report and webinar.
Ready to stay informed?
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
