Sunday, April 30, 2006

Banana Economy

An interesting fallout from cyclone Larry, which flattened Innisfail and its surrounds about a month ago.

Since 'surrounds' consisted of a large chunk of Australia's banana crop, the laws of supply and demand have had their wicked way, with prices soaring 3-400% over the last fortnight to ~$10.00/kg.

The interesting fallout is that 'organic' bananas (as opposed to the inorganic variety sold in craft shops), which were usually double the price, are now the same ie they only doubled in price.

I can only presume that, wherever they come from wasn't affected, so they can increase their profits *and* be more competitive at the same time!!!


Post a Comment

Subscribe to Post Comments [Atom]

<< Home