Banana prices in Ukraine have reached a record high level

Published 2024년 5월 5일

Tridge summary

Record high banana prices in Ukraine and Eastern Europe due to climate change, increased demand from Ecuador, and logistical issues from Russian aggression. The highest price in Ukraine is 1.26 USD per kilogram, and in Poland, it's 1.35 USD. Normally, prices decrease in May, but this year, due to high demand, there is uncertainty. Meanwhile, agricultural research institutions are developing new varieties of fruits and wheat with improved characteristics to address the challenges of climate change and production. This includes new varieties of nectarines, apricots, wheat, blueberries, and avocados, as well as decaffeinated Arabica coffee and red apples in Japan.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Banana prices in Ukraine and other Eastern European countries are currently at an unexpectedly high level for this time of year. A small excess of the previous maximums still has a negative impact on the future consumption of these fruits, as EastFruit informs. In Ukraine, the price of a kilogram of bananas is 1.26 US dollars, which is more than last year's record of 1.23 dollars. Ukraine usually has the lowest prices for bananas in the region, but due to Russian aggression and port blockades, bananas have to be imported through ports in other countries, which has caused prices to rise. Retail prices for bananas in Ukraine vary from 1.7 to 1.8 dollars per kilogram. In Poland, wholesale prices also increased and reached $1.35 per kilogram, compared to normal prices of $1.1-1.2 and last year's record of $1.27. Andriy Yarmak of the UN's Food and Agriculture Organization (FAO) points to two main reasons for rising prices: climate change, which affects production in Central America and ...

Source: Landlord