Coffs wins from cheaper fruit
COFFS Coast residents have benefited from a double economic bounce this year thanks to fruit and vegetables.
Locally grown bananas, tomatoes, potatoes, avocadoes, oranges, lettuce and other fruits and vegetables have kept down the prices of those commodities at local outlets, while cashed-up growers have put money into the local economy.
Bananas have been accused of being the commodity responsible for pushing inflation to a peak of 3.6% in the last quarter, with the supermarket price of the favourite fruit soaring 470% following Cyclone Yasi in North Queensland.
Banana prices are now bending downwards.
Boambee grower John Cunningham, who is currently pricing his bananas at Cunningham's fruit stall on the highway at $9 a kilogram and tomatoes at $5 kg, said prices were starting to move backwards and he expected they would be ‘a fair way back' by October.
He said a cold winter was holding back banana growth.