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).
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData