Bananas may become more expensive in 2027 Global banana prices may rise next year due to extreme weather and geopolitical tensions, Chiquita CEO Carlos Lopez-Flores told Bloomberg. His company is one of the largest producers and suppliers of fruit in the world. Growing bananas is becoming more and more expensive and less predictable, he said. The conflict in the Middle East has increased the costs of fuel, fertilizers and packaging, and drought due to El Niño threatens producers in Latin America. Chiquita expects sales to decline and prices to rise in 2027. Lopez-Flores warned that the coming period could be one of the most difficult for the banana industry in recent decades.

Bananas may become more expensive in 2027 Global banana prices may rise next year due to extreme weather and geopolitical tensions, Chiquita CEO Carlos Lopez-Flores told Bloomberg. His company is one of the largest producers and suppliers of fruit in the world. Growing bananas is becoming more and more expensive and less predictable, he said. The conflict in the Middle East has increased the costs of fuel, fertilizers and packaging, and drought due to El Niño threatens producers in Latin America. Chiquita expects sales to decline and prices to rise in 2027. Lopez-Flores warned that the coming period could be one of the most difficult for the banana industry in recent decades.