The Price of Ecuadorian Bananas Continues to Increase in W3

In W3, Ecuadorian spot banana prices continued to increase from USD 10.7/13.5kg box and USD 13.35/18.14kg box to USD 11.45/13.5kg box and 14.35/18.14 kg box, all FOB. The increase corresponds to an early shipment to the Russian market. Vessels usually take an amount of 360K 18.14kg banana boxes, thus putting some pressure on the prices since the banana inventory continues to be low in the Ecuadorian market until early April.