2021 has passed and our website has reached the seventh year. Under the pandemic pressure, our international business was difficult and “interesting”, if I may say.
Firstly is the about the Ocean Freight. Since last June, I had stopped the quotation of all CNF Middle East port as even my forwarder couldn’t confirm the jumping price.
The freight is rising 2 or 3 times as before but if shipment is urgently needed, buyers would also accept 4 times higher freight. To our canned food which is only valued 10-20 thousand dollars, the confidence and motive to bear the freight became weaker. It happens that the freight to US has already well passed the value of the goods themselves. Therefore, after last June, my quotation was mainly FOB and I leave the carrier booking issue to the customers. Comparatively speaking, the exchanging rate of RMB against USD has appreciated 8%, to which there are less people pay attention. In addition, there was one container of my colleague which was on the marine stuck in Suez. Luckily it was FOB otherwise we would have lost a lot.
In 2022, we shall have to continue our international business. We lost one factory who supplied us goods for many years and we are looking for new factories for this case.
May there will be happy cooperation. In 2021, we did quite a lot of import of foreign food, better matching the name CHINAFOOD. Aren’t we? I am considering if I should move my attention from CANNED FOOD towards wider range of products?
Since you visit and read till here, I would very much wish you a healthy, wealthy and successful 2022. Thank you friend.