GLOBAL DEMAND FOR CAL ALMONDS FALLS
SACRAMENTO – 01/12/09 – A decrease in international demand and an almond crop much larger than originally forecasted and have combined to reduce by half the price almond growers are receiving for this season's crop, according to the California Almond Board.
Prices for the nut are about $1 per pound, down from about $2 a year ago and about 350 million pounds of almonds will be held over to the 2009 season in hopes the price will rise, the trade group said.
California almond growers ship more than 70% of their crop overseas, but officials say the strengthening dollar has cut demand from big almond consumers such as China and India.
In recent years growers have been trying to cash in on the demand for almonds by planting new orchards, another factor contributing to the surplus and lower prices.
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MATTEL ACQUIRES FRENCH GAME COMPANY
EL SEGUNDO – 01/26/09 – Toy and game giant Mattel Inc. has acquired France-based Sekkoia SAS, which produces the Blokus family of games; Blokus was launched in September 2000 and now ranks as one of the best selling board game packages in the world.
DISNEY TO LAUNCH TV CHANNEL IN RUSSIA
BURBANK – 12/31/08 – The Walt Disney Company has said it will team-up with Media-One Holdings Ltd. to launch a Disney-branded television channel in Russia in 2009; Disney will have a 49% stake in the venture in exchange for a cash investment and content acquisition, according to a recent piece in the Los Angeles Business Journal.
GOLDEN SPOON ENTERS THE GLOBAL MARKET
RANCHO SANTA MARGARITA – 12/12/08 – Frozen yogurt giant Golden Spoon has accelerated its international expansion with the announcement of two additional stores for Japan; the new stores will be located within Tokyo Station and the Kansai International Airport and are slated to open for business this month.
PORT OF STOCKTON EXPANDS ITS FTZ
STOCKTON – 12/05/08 – The Port of Stockton has received approval from the US Dept. of Commerce (DOC) Foreign Trade Zones Board for expansion of its Foreign Trade Zone No. 231; the expansion at the nearly 475-acre Opus West Park in East Stockton is the eighth site approved in Stockton by the DOC and is sited adjacent to the Burlington Northern and Santa Fe Railroad line linking Central California with points throughout the country.
NETSUITE GOES LIVE IN SINGAPORE
SAN MATEO – 10/28/08 – Business management software developer NetSuite Inc. has launched a new venture - NetSuite OneWorld in Singapore; the move was spurred by forecasts that that Asia-Pacific software as a service (SaaS) revenues will grow from $274 million in 2007 to around $1.8 billion by 2011.
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