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Ukraine: banana prices have doubled in three weeks

The representatives of the wholesale companies inform the specialists of CIS produce business periodical, `Agrooglyad: Vegetables and Fruits` weekly, according to the results of the recent three weeks the prices for bananas have increased almost twofold.

The specialists of the companies - importers explained this circumstance by the decreased banana supplies from Ecuador because of hurricanes of early September, and the consequent price growth for this product. According to the data, provided by `Agrooglyad: Vegetables and Fruits` analysts, 90% of banana imports in Ukraine are grown in Ecuador.

In view of the fact that Ukrainian importers depend much on Ecuadorian banana suppliers, a certain deficit for this product is observed on the inner market of Ukraine. The demand for low quality products remains moderate; the demand for quality banana is increasing. These factors result in the price growth for bananas on Ukrainian market; quality bananas are going expensive the most rapidly.

As of today, bananas are sold for $0.7-1/kg on the wholesale markets of Ukraine; the wholesale prices for banana amounted to only $0.5-0.6/kg in the end of August. Most market players expect the price for this fruit to further increase.

The upward price trends are also observed on banana market in Poland and Russia. To the opinion of the analysts of `Agrooglyad: Vegetables and Fruits`, price growth for bananas supports the increased demand for apples and peaches - the harvest of the mentioned fruits has noticeably increased this year in Ukraine.

We`d like to emphasize that the forecasts of fruit&vegetable imports and exports, and also the perspectives of the development of Ukrainian fruit&vegetable market will be presented during the fourth international conference `Fruits and Vegetables of Ukraine 2007. Meeting New Leader`, to be held on December 4th-6th 2007 on the territory of the National Complex `Expocenter of Ukraine` in Kyiv.

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