AgroFresh has announced a pricing adjustment to support reliable supply as rising global energy costs and ongoing supply chain disruptions continue to increase operating costs across the agricultural sector.
Recent geopolitical developments in the Middle East have contributed to a sharp rise in oil prices and continued instability in global logistics networks.
These factors are creating unprecedented pressure on energy, transportation, and raw material costs across the agricultural supply chain.
In recent years, AgroFresh says it has worked hard to absorb the majority of cost increases while maintaining reliable supply and service levels for customers.
“Moments like this test global supply chains. Our focus is on ensuring growers, packers, and exporters can continue operating with confidence despite unprecedented volatility in energy and logistics markets,” chief executive Han Kieftenbeld says.
To continue providing dependable products and services for growers, packers, and exporters, AgroFresh will implement a 6 per cent global price adjustment, and a temporary 3 per cent energy and logistics surcharge (went effective on March 31).
The company says it will continue monitoring global market conditions and review the surcharge as energy and logistics markets evolve.
“Supporting our customers across the fresh produce sector with reliable products and service remains our highest priority during this period of global disruption,” Han adds.