Chiquita Brands International has said banana prices in North America for January and February rose 10% on last year, while volume for the same period remained flat.
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In the core European markets, prices on a local currency basis rose 7% and in Asia Pacific and the Middle East it rose 10%.
Chiquita said its Fresh Express value-added salads business had seen “meaningful year-over-year increases” in both net revenue per case and volume growth in the two-month period.
“We are pleased that banana pricing remains favourable and that the US value-added salads category is rebounding from slow growth a year ago,” said Fernando Aguirre, chairman and CEO.
“At the same time, flat-to-lower banana volumes reflect industry-wide constraints on availability due to a series of adverse weather conditions throughout Central America and Ecuador. In addition, rising industry and other product supply costs continue to impact our results.”
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By GlobalDataChiquita has previously announced it expects significantly higher industry costs in 2008, particularly for items such as fuel and purchased raw product.
