Saudi Arabia saw 40% increase in banana pricesStaff writer ▼ | March 31, 2016
Banana prices in Saudi Arabia have increased by 40% after a halt in the supply from the Philippines and Central America (Ecuador and Nicaragua) as a result of the considerable growth of China's imports.
Food prices The Saudi market saw some increase
It is worth noting that the Saudi market consumes between 40-45 million cartons annually worth 500 million riyals (119.10 million Euro).
In any case, official sources have stated that the situation of banana prices in the Saudi market has not affected other fruits, as the country imports a wide range of more than 200 products from many countries, including South Africa, Egypt, Chile, Lebanon, India, Pakistan, France or the U.S. ■