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Chiquita Reports Firm Banana Markets
CINCINNATI - Jun 17/04 - SNS -- Chiquita Brands International, Inc. reported strong banana markets during the first two months of the company's second quarter.
In its core European markets, Chiquita's average banana prices rose 4% on a U.S. dollar basis in the first two months of the 2004 second quarter, compared to the same period a year ago, primarily due to a stronger euro.
On a local currency basis, prices in those same markets fell 5% from a year ago. The volume of bananas the company sold in its core European markets fell 4% in the first two months of the quarter, compared to the same period a year ago.
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