Saudi Arabia: 40% increase in banana prices

Banana prices in Saudi Arabia have increased by 40% after a halt in the supply from the Philippines and Central America (Ecuador and Nicaragua) as a result of the considerable growth of China's imports. The price per box has increased from 30 to 70 riyals (from 7.15 to 16.67 Euro).

It is worth noting that the Saudi market consumes between 40-45 million cartons annually worth 500 million riyals (119.10 million Euro).

In any case, official sources have stated that the situation of banana prices in the Saudi market has not affected other fruits, as the country imports a wide range of more than 200 products from many countries, including South Africa, Egypt, Chile, Lebanon, India, Pakistan, France or the U.S.


Source: alriyadh.com

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