Business · Trade · 3 hrs ago

Iran war raises costs for banana trade to the United States

Iran war raises costs for banana trade to the United States

The war in Iran has raised the cost of fuel, fertilizers and other supplies, making it harder to produce and ship bananas to the United States.

One shipment tracked from a farm in Guatemala traveled by refrigerated truck to a port, then by ship to New Jersey before heading to stores.

Bananas are the most-consumed fruit in the United States, where people eat about 80 per person each year.

The trade depends on moving a delicate fruit thousands of kilometres while keeping its price low.

Producers have narrow margins and little room to raise prices, while the average U.S. price has changed little over the past decade.

Disease, climate change, tariffs and a severe El Niño are also adding pressure to the industry.

Sources

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