date:Feb 20, 2014
Increased ocean freight and fruit costs weighed heavily on Fresh Del Monte Produce Inc., which posted a net loss of $146 million during the fourth quarter.
During the fourth quarter, we took decisive action to address these challenges and address the shifting global economy and marketplace to drive better performance for the long term, said Mohammad Abu-Ghazaleh, chairman and chief executive officer, during a Feb. 18 earnings call with analysts. We made the decision to stop production of banana