A Message from Our CEO

To our customers,

Ahead of this month’s holiday, on behalf of the entire team at Roland Foods, I want to wish you and your family a joyful Thanksgiving. We appreciate your unwavering support and are grateful to be your trusted partner.

Regarding crop updates, the planted acreage for mandarin oranges was significantly smaller this season, leading to a nearly 60% reduction in raw material compared to previous years. This sharp decline in supply is expected to drive price increases.

Meanwhile, major olive-producing regions, including Greece, Spain, and Tunisia, have reported strong harvests and production yields. Early indications suggest the market is recovering, and we expect prices to stabilize by December.

On the logistics front, October began with uncertainty as thousands of port workers went on strike, temporarily bringing East Coast ports to a standstill. Shipping lines responded with surcharges to manage rising costs, but a preliminary deal was reached after four days, allowing ports to reopen. With a 90-day cooling period now in order to finalize contracts, we do not expect further delays as we wrap up peak shipping season.

As always, our priority remains delivering our customers best-in-class service. We will keep a close eye on this situation and all other industry developments to stay ahead of the curve.

To stay abreast of the most up-to-date and in-depth details regarding the supply chain, freight, and crop updates, please read our Regional Market Updates provided below.

Keith Dougherty

CEO of Roland Foods