Santa Barbara,Calif.-based Apeel Sciences has announced $250 million in new financing, and endorsements from Oprah Winfrey and Katy Perry.
The financial boosts brings the company’s valuation to more than $1 billion.
The new U.S.-Japan trade agreement will deliver a tariff reduction and higher safeguard levels for U.S. orange shipments, and that should translate to a moderate increase in U.S. orange exports to Japan in 2020.
Though the holiday season is ramping up and autumnal favorites are still in the mix, searches on Produce Market Guide the week of Nov. 4 showed a marked interest in one of winter's domestic specialties: citrus.
Easy-peel mandarins have risen in popularity for consumers looking for a healthy snack, and the Bee Sweet Citrus sales team is celebrating the beginning of the domestic season with its most popular varieties.