Ecuador Fresh Banana Prices Starting to Increase in W34

Fresh bananas in Ecuador started W34 with prices reaching USD 6-6.7 per 18.14 kg box and FOB prices reaching USD 9.65-10.15. Banana prices in Ecuador are beginning to rise as demand increases due to winter in the United States and Europe and the Chinese new year approaching. Forecasts indicate that later this year, FOB prices might reach USD 10-11.25 per 18.14kg box.