Spot prices for the banana business showed a rising trend as we approach the high-demand season for winter 2022. Fruit prices ended last week at USD 5 per 18.14 kg box and started on Monday at USD 6 per 18.14 kg box, reaching $6.5-$7 by the end of Wednesday. This response to high demand from Argelia and rising prices in India for the Middle East makes buyers look more into the Ecuadorian bananas, and Europe starting to stock up for winter.
It is expected that prices will keep rising as production with export quality has been affected by cold weather conditions, local strikes, and the Ukraine-Russia war. Even though the trend will be on the rise, it is expected that the international market will reach a limit pricing they will be able to pay since, traditionally, bananas are known as the cheapest tropical fruit.
It is expected that prices will keep rising as production with export quality has been affected by cold weather conditions, local strikes, and the Ukraine-Russia war. Even though the trend will be on the rise, it is expected that the international market will reach a limit pricing they will be able to pay since, traditionally, bananas are known as the cheapest tropical fruit.
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