Market Overview – Week 40/25
2025-10-03
approximately 1.28 million boxes were unloaded, and around 2.05 million boxes are expected to be unloaded for the upcoming week. The exchange rate for the USD was 81.01 RUB.
In the Mediterranean, the price of Ecuadorian bananas ranged from USD 19.50 to USD 20.50 per box, CIF. In Northern Africa, prices peaked at USD 23.00 per box, CIF. In contrast, bananas from Central America were selling for approximately USD 21.00 per box, CIF.
In the Mersin Free Zone, bananas from Ecuador re-exported to neighboring countries were priced from USD 18.00 to USD 20.00 per box, depending on the brand, volume, packing, and weight. There have been occasional sales at around USD 20.50 per box for premium quality and heavier boxes, according to local traders.
Trade with Iran has been affected by the recent devaluation of the Iranian Toman following the reimposition of sanctions.
The "snapback" mechanism from the 2015 nuclear deal was initiated by Britain, France, and Germany, resulting in the reinstatement of full UN sanctions. These sanctions target Iran's nuclear and ballistic missile programs, banking sector, and oil exports.
In the Iranian domestic Market, sales prices for Ecuadorian bananas are reported to be in the range of 135,000 to 140,000 IRT ,or toman per kilogram. Prices are slightly lower for Indian bananas, ranging from around 103,000 to 110,000 IRT per kg. Trading has been affected by the further devaluation of the IRT against the USD, which has risen to between 117,000 and 118,000 IRT per USD.
Prices in the Ecuadorian Spot Market ranged from USD 11.50 to USD 12.50 per box for the fruit only, depending on factors such as brand, quality, volume, certification, and the region from which the fruit was sourced.
In week 39, ambient temperatures were moderately higher, and there were more extended periods of solar luminosity, which resulted in increased crop yields on some farms. Many Ecuadorian banana-exporting companies participated in the Madrid Fruit Attraction. Although discussions were held among exporters, buyers, and shipping companies, no contracts had been finalized yet from what is known.
In the Chartering Market there were no reports of any fixtures for bananas or other fruits. Some ships were chartered from operators to owners for positioning in their respective trades or in anticipation of the upcoming Chilean fruit season. Time Charter values remained stable, ranging from approximately $0.60 to $0.65 per cubic foot per month for larger vessels and about $0.80 to $0.85 per cubic foot per month for smaller ships. Additionally, reports indicated that some small to medium-sized vessels were idle, awaiting orders for potential incoming requirements for potato cargoes from Northern Europe to Northern Africa or elsewhere.
Bunker Prices:
VLSFO MGO
Rotterdam $443.00 $669.00
Gibraltar $481.50 $712.00
Panama Canal $459.00 $726.00
