Sep. 20 at 4:45 AM
$DOLE - Container rates spiked into early June (Drewry WCI cited at
$3,527/FEU during the tariff run-up) then slid for 14 straight weeks to
$1,913/FEU by Sep 18 approx ~46% off the June high. If sustained, that eases DOLE’s cost line vs. Q2 commentary.
Ecuador (the key origin) exported +4.77% YoY bananas Jan–Jul 2025 (≈227.7M boxes), suggesting ample supply despite tightness DOLE noted in Q2.
DOLE’s Q2 commentary explicitly cited higher banana volumes & pricing in both NA and EU.
“banana bread” remains a top recipe in the U.S. (≈1 in 500 Americans monthly searching for a delicious use for those aged bananas.