by Administrator
Fri, 28 October, 2011
Since 2009, Ocean Spray has held a quarterly cranberry concentrate trading event to ensure supply certainty and efficient contracting for its customers. Since then, the events have grown in popularity and we’re delighted that participation has seen a steady increase.
With prices starting at 85 percent of the most recent trading event’s selling prices, the auction allows the market to determine the price for the cranberry in a fair and equitable way. By participating, winning bidders secure fixed-price contracts for each contract period and may therefore avoid any change in pricing based on market fluctuations during the contract period.
The ninth cranberry concentrate trading event took place on 27 October. Please visit the trading event page and log-on onto www.cranberryauction.info to find out more about the Ocean Spray’s cranberry concentrate trading event and view contract periods and starting prices.
Happy bidding!
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