An overview of the global banana market

The supply of bananas on the world market is not particularly large. In most areas, the quantities are quite small, while the demand is high. South Africa seems to be the only area where more than adequate quantities are available. Exports from Ecuador have fallen by about 8%, while the eruption of the volcano on La Palma has led to a lower yield in Spain. The lower global supply results in prices rising all over the world. The Netherlands: Remarkably high spot market for bananas for the summer period While the banana market traditionally shows a dip in the summer months, the market remains remarkably good this year. "We have not experienced the prices we see now for green bananas in years," says a Dutch banana expert. "The conditions in Ecuador are not good at the moment. An average temperature of 22ºC is too low for banana production. This results in a supply that is 25% lower than we are used to in this improving spot market." "Traditionally, Ecuador always had a lot of sales ...