Spot Banana Price Increase in Ecuador in W50

In Ecuador, spot banana prices showed an increase during W50, from USD 8.9/13.5 kg box and USD 11/18.14 kg box in W49 to USD 11.10/13.5 kg box and 13.95/18.14 kg box in W50, all FOB. The increase is due to increased demand from multinational companies that buy from Ecuador due to lower supply in Central America. The Russian demand has started to increase, and higher spot prices are forecasted for W51.