Today's Pricing

WATERMELON — F.O.B.S AS OF MAY 13

MEXICO CROSSINGS THROUGH NOGALES, ARIZ. — Crossings (705-766-766, seedless 683-751-759, seeded 22-15-7) — Movement expected about the same. Trading seeded slow, others moderate. Prices seedless 35-60 counts lower, others generally unchanged. Red-flesh seedless-type per pound 24-inch bins approximately 35-60 counts mostly 20 cents, 75-80s 14-16 cents; red-flesh seeded-type approximately 35-55 counts 12-14 cents. Flat cartons red-flesh seedless miniature 6-9s $7-9. Quality variable. Many present shipments from prior bookings and/or previous commitments.

LOWER RIO GRANDE VALLEY, TEXAS — Shipments (29-96-255, seedless 26-83-223, seeded 3-13-32) — Movement expected to decrease slightly. Trading very active at slightly lower prices. Prices 24-inch bins per-pound red-flesh seedless-type approximately 35-60 counts 28 cents, seeded-type approximately 28-35 counts mostly 21-22 cents. Quality generally good. Most present shipments from prior bookings and/or previous commitments at lower prices.

FLORIDA — Shipments (124-159-233, red-flesh seeded 16-29-53, red-flesh seedless 51-130-180) — Movement expected to increase as more growers start the season in central Florida. Harvesting slowed. Trading very active. Prices generally unchanged. 24-inch bins per-pound red-flesh seeded-type 35s 24-25 cents; red-flesh seedless-type 45 count 29-30 cents, 60 count 29-30 cents. Quality generally good.

IMPERIAL AND COACHELLA VALLEYS, CALIF., AND CENTRAL AND WESTERN ARIZONA — Shipments (AZ seedless 0-23-16, CA 0-26-78, seedless 0-24-73, seeded 0-2-5) — Movement from western Arizona, Imperial and Coachella valleys expected to increase seasonally. Trading fairly active at slightly lower prices. Prices slightly lower. Red-flesh seedless-type per pound 24-inch bins approximately 35 and 45 counts mostly 22 cents. Organic red-flesh seedless 24-inch bins per pound approximately 35 and 45 counts 35 cents; miniature carton 6s and 8s $20.50. Quality generally good. Harvest central Arizona expected to begin the week of May 27.



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News

Proofs of claim due in Adams Produce PACA case

Produce suppliers and other creditors of Adams Produce Co. LLC must file proof of claims by July 6 if they want to pursue back payments in the $50 million bankruptcy case of the Birmingham, Ala., company.

The deadline applies regardless if the alleged money owed is covered by the Perishable Agricultural Commodities Act.

Produce companies have already alleged Adams owes a total of more than $12 million in secured PACA claims, according to court documents. The bankruptcy filings show another $4.4 million in produce bills related to unsecured PACA claims.

Pro*Act LLC, Monterey, Calif., has the largest PACA claim listed so far, at almost $5 million. Judge Tamara Mitchell has estimated there are about 1,400 total creditors — many of which are not produce suppliers.

Mitchell is scheduled to consider several motions July 9 in the case, including a review of two different PACA claims procedures.

One procedure is being promoted by Adams, Pro*Act and several other PACA creditors. At least three other PACA creditors objected to the PACA procedure plan proposed by Adams and Pro*Act and filed an alternative proposal.

The companies seeking the alternative are: Alex Kontos Fruit Co. Inc., Birmingham, seeking almost $1 million; Grover Bailey Tomato House Inc., Pensacola, Fla., seeking more than $176,000; and Lee’s Produce, Thomasville, Ga., seeking more than $67,000.

Initially Adams filed for Chapter 11 bankruptcy reorganization, but on May 30 the company requested the case be converted to Chapter 7 liquidation. That conversion is among the motions set for consideration during the July 9 hearing.


Comments (8) Leave a comment 

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Gregg    
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Texas  |  July, 02, 2012 at 08:53 AM

It is amazing that anyone could destroy a 107 year old Company in less than 2 years

Wan    
AL  |  July, 02, 2012 at 10:00 AM

Would you pls. share how Adam was "destroy" in <2 yrs?

Marcus    
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WA  |  July, 02, 2012 at 09:40 AM

Where does one find the appropriate documentation for filing a claim?

Tracy    
Pensacola  |  July, 02, 2012 at 05:37 PM

If you give me your email I can email this to. I am a former employee so I know what it's like to feel like you were cheated out of all your hard earned money. My husband and myself both worked at the same company, they took everything from us.

CB    
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Houston  |  July, 02, 2012 at 10:11 AM

Just curious if the fact that the president of Adams, and the president of Pro Act are brothers has any bearing on this case.....

CB    
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Houston  |  July, 02, 2012 at 10:42 AM

Correction: the CEO of Pro Act, not the president....

CB    
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Houston  |  July, 02, 2012 at 10:52 AM

Correction: the CEO's of both companies....

Barbara Thomas    
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alabama  |  July, 03, 2012 at 05:35 PM

Adams Brothers are not the saints you think..They helped destroy my business in 2003. Stole a crop worth 250,00 dollars from me in 1985

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