MiamiHerald.com | 05/08/2006 | Miami flower import capital of the world, facing changes
Check out this story about changes to the flower industry and how they’re impacting importers in Miami. Downward pressure on prices is a real concern, especially as fuel prices go up and the market continues to change:
Importers also have been hard-hit by the steady revaluation of the Colombian peso against the weakening dollar, which has forced up the cost of importing Colombian flowers.
Meanwhile, flower prices at the wholesale level have barely budged.
”Ten years ago, you didn’t have a national supermarket chain” involved in the flower business, Moreno said. “Today instead of 150 buyers that could buy significant volumes, you have 15 buyers that control the market. They can put tremendous pressure on prices.”