Sourcing problems send banana prices skyward
Sourcing problems send banana prices skyward
Banana prices are rising as farms in Central America and Ecuador have suffered severe weather, which has reduced supplies below demand levels.
Brian Kocher, president of Chiquita Brands North America, alerted Chiquita customers in a Feb. 22 letter that the Cincinnati-based marketer would invoke the force majeure clause in its contracts, and banana prices would rise $2 per box for pickups, effective March 2.
Brian Kocher, president of Chiquita Brands North America, alerted Chiquita customers in a Feb. 22 letter that the Cincinnati-based marketer would invoke the force majeure clause in its contracts, and banana prices would rise $2 per box for pickups, effective March 2.