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Chiquita Reports Mixed Banada Market Results
CINCINNATI - Mar 10/04 - SNS -- Chiquita Brands International, Inc. says average sales prices for bananas declined 6% in North America but rose elsewhere in the world in U.S. dollar terms during the first two months of the company's 2004 first quarter.
On a U.S. dollar basis, the company's average banana prices in its core European markets (EU-15 countries, Norway and Switzerland) rose 6%, compared to the same period a year ago, due to a stronger euro. On a local currency basis, prices in those same markets fell 10% from a year-ago.
The volume of bananas the company sold in its core European markets fell 3% in the first two months of the quarter, compared to the same period a year ago.
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