FDP · CIK 0001047340
What Fresh Del Monte Produce, Inc. told the SEC could break it.
Fresh Del Monte's risks all trace to where its produce comes from. Costa Rica is its single most important sourcing location, supplying about 34% of its fresh-produce volume and holding 41% of its property, plant and equipment in 2025 — so disruption there (Costa Rican banana volumes already fell about 21% in the first half of 2025) hits it hard. Beyond that, products sourced from Mexico are roughly 11% of its North American net sales and were exposed to 2025 U.S. tariffs that raised its cost of products sold (mostly offset by price increases), and about 13% of its 2025 banana sales came from a single Philippines grower whose contract expires at the end of February 2026.
3 self-disclosed vulnerabilities, pulled from its own filings, each in the company’s words, with the source. This is the risk register almost nobody reads.
In its own words
What could break it.
Geographic concentration
- Costa Rica sourcing concentrationhigh
Costa Rica is Fresh Del Monte's most significant sourcing location, representing ~34% of its total fresh-produce sales volume and ~41% of its property, plant & equipment in 2025; CORBANA reported Costa Rican banana volumes fell ~21% in H1 2025.
“Costa Rica is our most significant sourcing location representing approximately 34% of our total sales volume of fresh produce products and where 41% of our property, plant and equipment was located in 2025.”
SEC filing →As of 2026
Regulatory & policy
- U.S. tariffs on Mexico-sourced producemedium
Products sourced or partially sourced from Mexico make up ~11% of Fresh Del Monte's North American net sales and are exposed to uncertain U.S. trade policy; tariffs implemented during 2025 significantly increased cost of products sold, mostly mitigated through price increases.
“it is uncertain what, if any, impact tariffs or other trade policy may have on products we source or partially source from Mexico, which makes up approximately 11% of our North American net sales.”
Supplier concentration
- single Philippines banana growermedium
Approximately 13% of Fresh Del Monte's 2025 banana net sales were supplied by a single independent grower in the Philippines, under a contract set to expire February 28, 2026.
“Approximately 13% of our banana net sales in 2025 were supplied by one grower in the Philippines with whom our contract is set to expire on February 28, 2026.”
The hidden graph
Who it depends on, and who depends on it.
Relationships surfaced from filings, including ones disclosed by the other side, which is how the non-obvious ones come to light.
Its customers
“During 2025, one customer, Walmart, Inc. (including its affiliates), accounted for approximately 7% of our total net sales. These sales are reported in our banana and fresh and value-added products segments.”
Cited →
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