Australia: Banana prices set to fall

You might have noticed banana prices have been a little high in recent weeks, but that's not going to be for much longer.

Far North Queensland banana growers have rejoined the market, after severe flooding stopped the road transport of bananas out of regions north of Ingham.

In Western Australia, Carnarvon grower Chris Collins has enjoyed better prices for his fruit, but reckons it'll drop with a thump as 550,000 cartons hit the market.

"We've probably got $10 to $15 more than what we were getting in the weeks previous," he says.

"I think sort of the top price was about $48 to $50 a carton and it'll probably drop back down quite quickly.

"I mean, 550,000 cartons probably equates to about 45,000 to 55,000 cartons coming into Perth."


Source: abc.net.au

Publication date: 2/18/2009