Bad weather in Ecuador may lead to another banana price zooming in Ukraine and Russia

The players of the international fruit&vegetable market inform the specialists of "Agrooglyad: Fruits and Vegetables", cold weather in Ecuador leads to the slow-down of banana harvesting rates. This fact aggravates the competition for this fruit on world market. Despite of the temporary price stabilization, the disappointing weather forecasts make the producers hold bananas up in the effort to get maximum prices.
Such large companies like Bonanza (JFC) and Chiquita are trying to fix the prices on market - they suggest the producers to have guaranteed price for a long-term period according to the contracted supplies. However, many producers think the prices will further increase. There is an opinion on market that the prices will be increasing till December. Traditionally, the demand will be even more active in December. That's why, if the forecasts are trustworthy, we should not expect for the significant price decline for bananas till the beginning of the next year.
We'd like to remind that Ecuador is the main banana supplier on Ukrainian and Russian markets, that's why the situation in this country directly influences the prices on Ukrainian fruit market. To the opinion of Andriy Yarmak, the Head of "Agrooglyad: Fruits and Vegetables" project, the price growth for bananas in Ukraine and Russia will lead to the demand growth for apples - according to the experts' forecasts, apples will also increase in price in the coming months.
www.lol.org.ua