Bananas will become more expensive due to climate anomalies. Chiquita Brands International CEO Carlos López Flores said the cost of banana production is rising. According to his predictions, 2027 will be the most difficult year for the industry in several decades - less fruit will be sold and at higher prices. An unusually strong El Niño weather event and geopolitical instability will make operations particularly difficult later this year and early next year. Businesses have been dealing with ups and downs in margins for several years, despite consistently high export sales - $12.8 billion in 2025. Global consumers who are not used to rising banana prices (this of course does not apply to Russia) may feel the transfer of producer costs. What was the last straw: the conflict in the Middle East led to an increase in the prices of fuel, fertilizers and packaging; El Nino causes rain and floods in Ecuador, the main exporter of bananas; The same phenomenon leads to drought in other parts of Latin America, and risks blocking the Panama Canal. Uncertainty Chiquita is already negotiating with retailers, not touching on the issue of prices and rather focusing on promises of stable supply. The company informed the buyers about the problems in the industry, but it is not yet known whether they will be ready to accept indexation. Most of the bananas are sold through long-term contracts with a fixed price tag, which will make it difficult for suppliers to deal with superior force. FMCG reporting on Telegram | up to MAX.

Bananas will become more expensive due to climate anomalies. Chiquita Brands International CEO Carlos López Flores said the cost of banana production is rising. According to his predictions, 2027 will be the most difficult year for the industry in several decades - less fruit will be sold and at higher prices. An unusually strong El Niño weather event and geopolitical instability will make operations particularly difficult later this year and early next year. Businesses have been dealing with ups and downs in margins for several years, despite consistently high export sales - $12.8 billion in 2025. Global consumers who are not used to rising banana prices (this of course does not apply to Russia) may feel the transfer of producer costs. What was the last straw: the conflict in the Middle East led to an increase in the prices of fuel, fertilizers and packaging; El Nino causes rain and floods in Ecuador, the main exporter of bananas; The same phenomenon leads to drought in other parts of Latin America, and risks blocking the Panama Canal. Uncertainty Chiquita is already negotiating with retailers, not touching on the issue of prices and rather focusing on promises of stable supply. The company informed the buyers about the problems in the industry, but it is not yet known whether they will be ready to accept indexation. Most of the bananas are sold through long-term contracts with a fixed price tag, which will make it difficult for suppliers to deal with superior force. FMCG reporting on Telegram | up to MAX.