U.K. grocery competition drives down banana prices

10/25/2013 | Guardian (London), The

U.K. consumers eat an average of 10 kg of bananas annually and for years Britain's supermarkets have been in a price war that has driven the retail price of bananas to unsustainable lows, said Alistair Smith, international coordinator for consumer group Banana Link. "It's just not sustainable for anyone in the supply chain. We've now got a price that is half what it was in real terms 15 years ago," Smith said.

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