Good Bye 2022
Annual Summary

Good Bye 2022!!!!!!

1) Looking back on 2022, it could be a year of "ups and downs" for the ocean freight rate. It is still at a very high level at the beginning of the year, but it did drop to quite a low level in July. However, I don't know why it has to rise in November, which makes the CIF contract hard to quote.

2) The RMB exchange rate against the U.S. dollar has gone to an unbelievable 7.2 level, which has greatly increased our export costs.

3) In the past two years, my business was basically FOB. Customers arrange their own shipping space, so our risk is much smaller.

4) In early February 2022, because of the Suez Canal accident, one of our colleagues' containers was also stuck in the canal.

5) This year a customer said they have no idea when the ship will arrive even after I provide ETD information.

6) The factory for canned Broad beans was only one, and the output was very unstable. The delivery time had to be delayed at least 40 days from the confirmed date.

7) The production of pineapple in China has dropped sharply, and the canned pineapple factories have closed down almost all.

8) The sweet corn is in good production, but the price has been at a high level.

9) We have tried canned yellow peaches, and we hope to have the opportunity to cooperate.

10) Tomato paste, the price of raw material was extremely high in last summer, but the price of finished products is not low until now.

11) Because China's canned goods are no longer cheap, we are also actively developing new non-canned products in line with market changes.

12) Let's look at the port charts.

HELLO 2023

HELLO 2023!!

1) In 2023, I hope the ocean freight will no longer go up to a high level, and remain stable for at least one year.

2) I hope the exchange rate of RMB against the US dollar will not exceed 7.3.

3) I will try new products and develop new customers.

4) I will also continue to update my articles. But there's still a long way to go for that goal.

5) Finally, I wish you all a happy new year and see you in 2023.

Good Bye 2022 HELLO 2023!!