Wednesday, August 26, 2009

Goin' Bananas with Statistics

I'm playing around with IMF statistics because I was more or less inspired by a Washington Post article I read today about domestic sugar producers, protectionism, and sweeteners. Anyway, this chart displays the average price of Chiquita, Del Monte, and Dole bananas traded via the US Gulf (I'm not too familiar with the specifics of the trade contracts) on a monthly basis over the past year. In July of this year, one metric ton of bananas (2,205 lbs) traded for $828.73. That's $.38 per lb of bananas, and I believe the final retail price of bananas at Wal-Mart in Jacksonville, Florida is around $.55 per lb.

In other news, I have an elementary understanding of Microsoft Excel.

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