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َAlgeria, Banana’s prices collapse

Prices of bananas in the Algerian market have seen a sharp collapse since the entrance of the summer season, Bananas are to be sold at 130 dinars (1.2 $) per kilogram, which encouraged the Algerian customers to buy it , because of the fact that the sale of this fruit coincides with the heat wave, which made traders fear of being damaged and the import of about 250 thousand tons of The recent period, along with seasonal fruit sweeps wholesale and retail markets.

During the past two weeks, large quantities of bananas have been introduced in the wholesale market. This has led wholesalers to export large volumes and sell them to retailers at prices ranging from 50 to 60 dinars (0.45$) per kilogram. This has helped spread banana tables across the country. President of the Union of Algerian Traders and Craftsmen Eltaher Boulnouar said that the main reason for this decline is the seasonal fruits entering the market, especially peaches and apricots. Algerian customers, according to Taher Boulnouar, favour seasonal fruits on bananas, which led traders to lower prices for fear of recession. Quickly damaged by heat.

From Algeria: Souissi Amine

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