Recent market data highlights significant fluctuations in banana prices from major exporting countries such as Colombia, Costa Rica, Panama, and Guatemala. In Costa Rica, the average price rose from £0.86 in the previous week to £1.00, marking an impressive 17% increase.
Columbia, another key exporter, also experienced an increase in banana prices, albeit at a more moderate rate. The average price grew from £0.87 to £0.95, reflecting a 9% weekly rise. While the change is less dramatic, it still indicates upward pricing pressure.
Guatemala displayed a significant price jump, with the average price increasing from £0.84 to £0.95, representing a 13% rise. This notable change suggests potential factors such as increased export costs or seasonal shifts impacting production. Such a rise in Guatemala's banana prices underscores the volatility in global agricultural markets.
Panama, however, recorded a smaller price fluctuation compared to the others. The average price increased modestly from £0.94 to £0.97, resulting in a 3% rise. These consistent yet smaller changes in Panama's pricing reflect stability in the country's banana export market relative to the more dramatic shifts observed in Colombia and Guatemala. Overall, these trends reveal varying degrees of price sensitivity across key banana-exporting nations.
For more information:
Gov UK
Tel: +44 (0)7920 073612
Email: prices@defra.gov.uk
www.gov.uk