Bananas on a steep curve
THE price of bananas has skyrocketed around the country, however, local grocers have managed to keep their prices much lower than supermarkets and have been selling out of the yellow fruit as a result.
Grafton Health Foods is just one of the retailers aiming to keep their prices down. David Windsor of Pillar Valley Banana's was also out in force at yesterday's Grafton Farmers Market selling up a storm, for $5/kg.
Grafton Health Foods owner Janelle Austen sold out of her stock after selling her bananas for $5.99/kg.
“They have been selling really well. Almost everyone who comes in leaves with one or two. They are brilliant bananas too and they are local so you can't get much better,” she said.
Mr Windsor said he had kept his prices low because he isn't greedy but given bananas are selling in metropolitan areas for up to $150 for a 13kg box, it has not been an easy task.
“I have a lot of repeat customers and wholesalers look after me when they sell at $1 a kilo, so I like to keep my prices and the quality of the product fairly consistent.”
The shortage of the fruit has come after Category-5 cyclone Yasi tore through north Queensland in early February, wiping out 75% of Australia's banana production. Prices have shot up in the past 10 days, after the last of the pre-cyclone and storm-damaged fruit sold out.