The banana is one of the favorite fruits of the Spaniards if we pay attention to Consumption data. This can explain the concern about the pricing climbing of the Planteanera fruit.
Explaining the situation. A concern that recently led the association that encompasses the Canary Islands banana producers to explain why inflationary pressure. He did Through your account of Twitter (X) and in response to a user who He highlighted The fact that bananas of Costa Rican origin are remarkably cheaper than the island banana.
In his response, banana from the Canary Islands spoke of “A very complicated situation”Heiress of the passage through the Canarian archipelago of The Dorothea Borrasca. This storm affected the Canary Islands in mid -December 2024, causing damages of different types of producers.
The winds of the storm started banana trees and had a direct impact on production, but the storm and their storms also indirectly affected, for example with interruptions in the electrical system.
Supply and demand. The result: lower production and with it a rise in prices. “It is not usual, but a reality that is affecting us all, from those who cultivate to those who buy the banana,” indicate In their social networks.
The offer has fallen what in principle should lead to higher and lower sales prices. The problem is that the demand for this appreciated fruit is relatively inelastic, which implies that a shockIn the offer it has a greater effect on the prices than on sales: people are willing to pay more for the product.
To this we must add another factor, that of exports. According to explained in The newspaper Paco Déniz, former deputy in the Parliament of the Canary Islands by Podemos, the large part of the Canarian production is exported (including the one exported to the Peninsula).
131%. Before the arrival of Dorothea the perspective was another: the expected production was around 450 million tons, a greater figure of the productive thresholds marked by the European Union but lower than the figure achieved in the previous harvest, of 467 million tons.
All this, we pointed out, has implied an important escalation in banana prices, especially striking in the fruit of Canarian origin. According to data From the Ministry of Agriculture, Fisheries and Food, between January 27 and the beginning of June, the average price of bananas as a whole has grown by 131%, that is, it is now more than double than in January.
A most volatile market. A few months ago we talked about a very different situation. Before the arrival of Borrasca, the problem was in the fact that banana prices did not allow a profitable product. “From January 2023 to October 2024, only in three months of the 22 the banana has had a price that we could call profitable,” We pointed then.
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Image | Cesar Gonzalez
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