Spot prices for Ecuadorian bananas increased at the start of W49, from USD 8.8 to USD 11.05 FOB for the 13.5 kg box and from USD 10.85 to USD 13.85 FOB for the 18.14 kg box. This increase corresponds to high demand from multinational companies that buy from Ecuador to fulfill their supply shortage from Central America. Buyers know how competitive the Ecuadorian spot market can get so they start buying at high prices moving the price trend up further. Banana inventory in Ecuador remains low since W47.
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