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Summary of the banana market in weeks 13 and 14

Ecuador: Banana volumes are expected to increase in the coming weeks

Last week, the Ecuadorian market experienced a great demand from the Russian market. As a result, the price of a box of bananas weighing 19.5 kilos increased from $9.5 - 10 dollars to $12.5 - 13.0 dollars FOB. 

This week opened with the price at $12.0-12.5 FOB, but according to some reports, the demand will be much lower this week, so it's likely that prices will fall. 

The production volume is still not very high and it is expected to rise within three or four weeks, so prices should come down at the end of April. 


Source: banastat.com

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