Trader Joe's Raises Banana Prices After 20 Years

The grocery chain cites rising costs in farming and global inflation as key reasons for the price hike.

Trader Joe's has increased the price of bananas for the first time in over two decades, marking a significant shift from their long-standing 19 cents to 23 cents each.
The increase is attributed to rising costs in farming, including fertilizer, pesticide, and transportation, as well as general inflation and growing demand for bananas.
Global banana prices have seen notable spikes, particularly during the pandemic era, with the average price per metric ton rising significantly in 2022.
Experts warn that climate change poses a major threat to banana production, with increasing instances of drought, natural disasters, and disease impacting supply.
While the price of bananas has risen, Trader Joe's has negotiated lower costs for other products, such as raw almonds and organic vegetables, and passed these savings on to consumers.