Tropical fruit prices set to soar

By GRAEME EVANS
Published on 03/09/2012 19:51

TROPICAL fruit supplier Fyffes has warned of higher prices for bananas and pineapples as it grapples with rising costs.

The company blamed the relative strength of the dollar, higher fruit costs and a further 20 per cent hike in fuel prices for the “necessary” increases in selling prices in its key markets.

The warning came as Fyffes announced a 30 per cent jump in profits to €22.4 million (£17.7m) in the six months to June 30, on revenues 20 per cent higher at €550.1m.