Select Committee on International Development Minutes of Evidence

Supplementary evidence from the Caribbean Banana Exporters Association

1996 Average Prices
	Sterling £ Per Tonne	Pence Per lb
Average Retail Price	926	42.10
Average Wholesale Price	580	26.28
Average Import Price (cif)	466	21.20
FOB Price	359	16.27
Note: At an average exchange rate for 1996 of US$ 1.56: Sterling £1 this returns US$ 10.15 per 40lb box equivalent. Source: MAFF Price Bulletin: Issue No. 9 (except fob).

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Prepared 2 June 1998