Blog Marco

Looks like Australia's shortage of Banana's will be ending soon. Tens of thousands of Bananas will soon be landing in markets around Australia with the Queensland plantations bouncing back 5 months after Cyclone Larry wiped out the banana crop (in March). Queensland typically supplies 90 percent of Australia's Banana supply with Australia refusing to accept Bananas from the Philippines. Prices in NSW will drop from around $8 per kilo to about $3 with the new incoming supplies. In the market's peak - Sydney prices for bananas rose to $16 per kilo.