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.


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.”

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Chiquita has previously announced it expects significantly higher industry costs in 2008, particularly for items such as fuel and purchased raw product.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now