Costa Rica exports less pineapples in price control bid
It seems that pineapple growers in Costa Rica have attempted to control export prices by reducing the amount of shipments made to the US in May and June. It is around that time that volumes usually rise dramatically pushing prices down.
The volumes shipped to the US during this period were lower than usual with freight on board prices running at $9-10 per 27 pound box - considerably more than would usually be the case for the period when the price usually drops to $7-8 per box.
Oppenheimer tropical category director Steve Woodyear-Smith, said this was all part of strategic moves aimed at maintaining prices.