The selling prices of bananas in St. Petersburg hovered around USD 23.00 per box CIF, with some transactions ranging from USD 21.25 to USD 24.0 per box CIF. These prices were determined by brand, quality, volume, and type of packaging.

Approximately 1.77 million boxes were unloaded in the week 21 and nearly 1.96 million boxes are projected for the week 22.

The prevailing exchange rate was 1 USD = 90.25 RUB.

The Russian Economic Development Ministry said in its Current Price Situation report that it estimated annual inflation at 8.03% on May 20.

The prices for Ecuadorean bananas ranged from USD 16.00 to 18.00 per box  CIF in the Mediterranean. These prices varied depending on the brand, volume, region, and packing. Fruits from other origins were sold at approximately USD 2.0 less per box.

In the Mersin Free Zone, the prices for re-exported bananas of Ecuadorean origin were between USD 16.00 and 18.00 per box. On occasions, for extra quality and heavy boxes, the cost was  up to USD 20.00 per box.

Prices remained high, as the quantities were lower due to a delay. One of the regular liner ships did not call at the Turkish transit port for two weeks.

The exchange rate was 1 USD = 32.19 TL.

Indian bananas, a market that has shown promise with the recent improvement in quality, were priced around 57,000 to 64,000 Toman per kg.

the price for the 13.50 kg banana box for Indian bananas was around USD  8.50-9.00 CIF Bandar Abbas.

However, there were difficulties in the Persian country  in obtaining banana import licenses. According to local traders, no import permits have been released for over a month .

The exchange rate was 1 USD = 58,000 to 59,000 Toman, indicating a slight strengthening of the local currency against the USD. 

The Ecuadorian spot market prices for  the fruit only,began the week at around USD 8.00-8.50 per box.  By Friday, they had risen to USD 11.50-12.00 per box due to a shortage of high-quality fruit. Many exporters could not complete their shipments and may attempt to finish their loads on Saturday.

No banana fixtures were recorded regarding the chartering market. Most larger vessels are employed in the citrus and kiwi trades. A certain number of fixtures were recorded for the fish trade, and one ship was fixed for juice cargo.

Time Charter rates have remained relatively stable compared to last week, with larger ships priced at approximately 80-85 US cents per cbft per month and smaller boats at around 75-80 US cents.

Bunker Prices:

                        VLSFO            MGO

Rotterdam      $559.50           $744.00          

Gibraltar          $596.50           $799.00                     

Panama          $607.00           $798.00