Banana prices up already!

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Originally Posted by JDNSW

Question is whether a significant quantity can be salvaged, what with closed roads, no power etc. I imagine they have to get into controlled atmosphere storage within a day or two? But as you point out, there should not be a shortage - yet!

John

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true,but alot of farms prepare for these storms and will work like crazy before the storm and be back out there right after it,the one i worked on had underground storage with genarators for back up and shipping containors to store stuff in, the banannas only go to a cold room to delay them going ripe but will be ok for a little while,,i think the supermarkets should have to wait to raise there price not take advantage of a bad situation

at our local they have little signs up under the nanas.

we've pushed our prices up already as we have paid double to going rate for our last batch of banana to help the growers into a speedy recovery (or something like that)

near on $6 when they're normaly $3.something

Listened to a spokesman for the banana co-op, on the radio the other day. He said SA storehouses were packed to the gills with bananas, and there were literally truckloads still on their way in. No shortage for a while yet.

Yet prices have doubled overnight in the big stores. (probably compensating for their $1 per litre "milk wars").

Many growers estimate to be back in production in 4 months, as the bulk of the growing season is still ahead.

According to today's Australian before the cyclone growers were getting $3 a kilo from the supermarkets which then sold them for $7-9 a kilo. Predicted after the cyclone the growers will get $9-10 a kilo and supermarkets will charge $14 a kilo.