According to the weekly report on prices at origin from the Ministry of Agriculture, Fisheries and Food (MAP) corresponding to week 9 of 2020 (from February 24 to March 1), the average price at origin of Canary bananas stands at 15.85 cents per kilo. This is a record low, compared to the 72 cents / kilo and 36.39 cents / kilo of the same week of 2019 and 2018, respectively.
This season, the price started at 33.57 cents / kilo, and it has not stopped falling since. In the latest week alone, it has dropped by 7.74% compared to the previous one.
Sources from the Association of Banana Producer Organizations of the Canary Islands (Asprocan) said last Friday that the low prices may be a consequence of the high temperatures that were recorded during the recent wind storms on the islands.
For his part, the technical secretary of COAG Canarias, Manuel Redondo, said that Canary bananas are very sensitive to heat and temperature changes, so the high temperatures have resulted in a reduction in the product's life cycle. After the latest wind storms, "the pineapples have had to be harvested earlier, so the supply has been advanced." Redondo also said that the damages in the plantations of some areas will not be reflected in a reduction of the supply until at least two or three months from now.
The banana plantations that have been most affected by the latest storms are in Tenerife, La Palma, La Gomera, Gran Canaria and, to a lesser extent, El Hierro. Some 8,000 plots have been hit, according to Asprocan's first estimations.
Puerto de la Cruz has recorded the most severe damages. In this area of northern Tenerife it is estimated that up to 80% of the plants have fallen in some areas, and those that are still standing are severely damaged.
In La Palma, the western part has been severely damaged, especially Tijarafe, Los Llanos and Las Breñas.