Australian-grown bananas (and prices) are coming back

Posted by AFN Staff Writers on 27th September 2011

Banana prices are expected to drop enormously in the coming months, according to the Australian Banana Growers’ Council (ABGC).

A survey of 16 selected retail outlets conducted by the Australian Banana Growers’ Council, has found consumers paid an average of A$13 per kilogram of Lady Finger bananas in Sydney yesterday. By contrast, consumers paid an average of A$3 per kilogram in September 2010 in a similar survey. However, the exorbitant prices caused by the consequences of Cyclone Yasi in February 2011 are expected to drop to as low as A$2 per kilogram in coming months.

Australian Banana Growers’ Council (ABGC) President Cameron MacKay said, “Production levels are on their way up and this is good news for everyone we would like to thank consumers for their patience and understanding during this time of re-growth.”

Pallet of first bananas fetches A$35,000 in charity auction

A pallet of bananas donated by a banana grower whose farm was devastated by Cyclone Yasi in February 2011, has fetched A$35,000 at a public auction held in Sydney today.

The ‘Banana Bounceback’ auction organizer, Steve Lizzio, a banana grower from Tully in North Queensland, planned the event to celebrate the recovery of banana growing in North Queensland. Proceeds from the auction will be donated to breast cancer charity The McGrath Foundation.

Horticulture Australia outlook

Banana Marketing Manager at Horticulture Australia Limited, David Weisz said, “This auction event gave the industry an opportunity to tell all Australians that their wait for bananas to come back both in number and in price is starting to improve. It means the end of a long and tough period for growers, as well as an opportunity for them to say ‘thank you’ to consumers for their patience.

“The return of greater volumes of fruit will put downward pressure on prices and allow families to put bananas back onto their shopping lists without breaking the budget. The post-Yasi period has been extremely difficult for banana growers and consumers alike. The growers and their employees have been without income while plantations recovered, and consumers have gone without the fruit that is the number one selling fruit in Australia and among the top ten supermarket items.”