Canadian cranberry crop drops prices; US struggles
May 8, 2013 By Winnipeg Free Press
May 8, 2013, Milwaukee, WI – U.S. cranberry farmers who spent millions of dollars to replant and expand bogs face a financial crisis after a huge harvest in Canada flooded the market and sent prices plummeting.
Farmers in Wisconsin, the leading cranberry producing state in the U.S., have been working for years to expand their acreage at the request of Ocean Spray and other processors who expected to see strong growth in overseas sales of juice and sweetened, dried cranberries. READ MORE
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