Increasing Ecuadorian Banana Prices in W37

At the start of W37, the price of Ecuadorian banana spot price stood at USD 8.5 per 18.14kg box on Monday, September 12. On September 13, the price increased to USD 9.50-10 as demand was high. Forecasts indicate that prices will continue to rise as demand from the United States and the European Union and banana inventory is lower than in previous seasons due to unfavorable weather.