Has there been an estimate or when the price will normalise?
2006-10-17 20:26:21 · 21 answers · asked by LaMariposa 4 in Business & Finance ➔ Other - Business & Finance
Hopefully soon. Miss an Aussie banana.
2006-10-24 03:53:02 · answer #1 · answered by ***** 3 · 3⤊ 0⤋
The price for bananas will go back to 'normal' when the Nth Queensland plantations recover from the devastation of Cyclone Larry, in March earlier this year.
I'd say this will occur within the next 6-18 months, but I am not 100% certain how long these plants take to grow. Fortunately, the areas in Australia where bananas are produced have not been adversely affected by drought like areas in Victoria and New South Wales have been. Therefore, it is highly likely everything will be back to normal sometime soon.
Some Fish and Chip shops still sell Banana Fritters at normal pre-cyclone prices, and you can get those yellow lolly bananas from the supermarket. But, neither are as good as the real thing. We'll just need to ride it out!
2006-10-18 03:34:58 · answer #2 · answered by Tiger1980 2 · 1⤊ 1⤋
Some of the less damaged trees are already starting to produce, which is why we are seeing banana prices fall slightly. New trees will start to produce late this year and early next year.
The Reserve Bank, which monitors inflation when setting interest rates recently noted "Inflation in Australia has risen, and not just because of prices of petrol and bananas. Those are likely to show declines anyway over the next couple of quarters ...".
The reason that banana prices went up is because the cyclone wiped out the trees and supermarkets aren't allowed to import them (except for frozen banana pulp, which is hardly like eating a fresh banana). This is because banana growers trump up exagerated claims about quarantine risks to avoid having to compete with imports from countries where bananas cost less to grow and are there is more reliable supply. If fresh banana imports had been allowed in, then banana prices wouldn't have needed to increase and inflation wouldn't have increased.
2006-10-24 00:04:50 · answer #3 · answered by eco101 3 · 2⤊ 0⤋
I heard on the news that by January 07 the price of bananas should go down to about $3-$4 per kilo... this apparently is when the current harvest of bananas will ripen ...
In the meantime, the prices will keep going down, at the moment, you can get a kilo for $8... as that seems to be going down (from where it was before a whopping $15/kilo), we should see some changes soon!!!
Yay!! for cheaper bananas.. I can't wait!!!!!!!!!!
2006-10-22 22:22:30 · answer #4 · answered by Anonymous · 2⤊ 1⤋
Just the other day the price was $5.99 a kilo at the local Fruit and Veg in Glenorchy, Tasmania. A big jump from the Supermarkets.
2006-10-24 03:15:26 · answer #5 · answered by taipan1954 1 · 1⤊ 0⤋
They are coming down, slowly but surely. I was paying up to $15 per kilo in Woolies about 6 months ago and now find them to be around $11 per kilo.
I live in Qld, so a lot of roadside sellers in the Hinterland and vendors at the Farmer's Markets are selling them for around $4 kilo. They are lady fingers, but you should see them fly out the door!!
I have heard reports that prices should return to normal between Jan - March 2007
2006-10-22 23:06:14 · answer #6 · answered by LadyRebecca 6 · 2⤊ 1⤋
Volumes are expected to be back to something close to pre-cyclone levels by mid January but your guess is as good as mine as to what the price will be.
History would suggest that as volumes increase, prices decrease. Don’t forget also that banana prices do bounce around a bit even when they are in plentiful supply in a normal (non-cyclone affected) year.
2006-10-23 02:47:18 · answer #7 · answered by Ba Barbaran 2 · 1⤊ 1⤋
I read in the paper last week that around Christmas time we will be paying normal price again, but unfortunately in the same story they say that the cost of other fruits will rise.
2006-10-24 06:30:37 · answer #8 · answered by jam 3 · 1⤊ 0⤋
when the recovery period takes effect after the devastation of cyclone Larry-- sadly , it won't be that soon , regardless of those who would prophesies differently and no stuff all about the horrible effect that cyclone had on that area --- can you seriously ( not you personally ) how fruit can grow back from the root up and produce in 7 months ( for that is how long it's been since the cyclone ) ??? i fear not you and all of us will have be patient , to say the least !!
2006-10-23 08:03:59 · answer #9 · answered by bill g 7 · 0⤊ 1⤋
they said that it would ease when the new crop comes in but I think they will keep it up as long as people aree silly enough to pay 13 dollars. Why should they drop their prices they will find a new excuse to keep them up. Be like my family ----we have learned to live without them.
2006-10-24 04:53:13 · answer #10 · answered by virginia o 3 · 0⤊ 0⤋