Chiquita CEO López Flores warned El Niño could hurt banana supply
Carlos López Flores said Chiquita is in talks with retailers as El Niño and higher supply-chain costs threaten 2027 banana sales.
- Chiquita Brands International CEO Carlos warned that banana sales will shrink in 2027. He described the period as a "very challenging end of 2026" for the industry.
- Severe Drought and Flooding in Latin America complicate cultivation, as heavy rains drench Ecuador and Peru. Simultaneously, drought parches the Amazon basin and reduces water levels in the Panama Canal, hindering critical shipping routes.
- Geopolitical upheaval in The Middle East has increased costs for fertilizer, fuel, and packaging. Flores said current conditions are "more difficult, more expensive and less predictable" for growers.
- Discussions have centered on "surety of supply" during Talks between Chiquita and retailers regarding supply arrangements for the coming year. Long-term contracts limit the ability to pass on unforeseen farm expenses to buyers.
- Bananas in U.S. cities cost roughly 66 cents per pound last month, according to Bloomberg. It remains unclear whether retailers or shoppers would accept higher prices, especially as Global Food costs reached recent highs.
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Bananas risk becoming the next product that will be expensive, due to the weather phenomenon El Nino and the wars, says one of the main traders of exotic fruits, Bloomberg transmits. "The sector faces extreme weather conditions and geopolitical disturbances. The production costs for tropical fruits are increasing," said the director of Chiquita Brands ...
"The sector is facing extreme weather conditions and geopolitical disturbances. The production costs for tropical fruits are rising," said the director of a giant fruit industry. According to him, in 2027, fewer bananas will be sold, probably at a higher price, which could make next year the most difficult period for this sector in recent decades.
Worldwide banana prices are expected to rise next year
Worldwide banana prices are expected to rise next year.The fact is that global companies involved in their cultivation are facing rising costs due to extreme weather conditions and political upheaval, according to the head of the Chiquita food...
Climate change and geopolitical conflicts are hitting global tropical fruit production. Because of this, banana sales in 2027 could decline sharply
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