We don’t know all of the market forces that are driving banana prices to unprecedented levels, but they certainly include social unrest in Ecuador and flooding in Peru.
Several weeks ago the conventional price started to climb, until last week when a 40 pound box of conventional bananas actually cost $5.00 more than the organic. Now the organic price is climbing and availability is becoming problematic.
It is becoming harder to find the bananas that we like, the Fair Trade, and we are forced to buy whatever we can get, including bagged and Dole.
Our price has been about $.69 per pound for so long. So long to that. The organic banana price will approach $1.00 per pound by March 10th and we don’t know where it is going.