Slower banana demand in Europe pinches Del Monte's profits

05/1/2013 | MSN Money

Fresh Del Monte's profits declined 34% in the first quarter of 2013, driven largely by lower banana demand in Europe as consumers there tightened their belts. Worldwide, banana sales volume rose 3% during the period, but the company's costs rose 2% even as it cut prices 1% in response to softer European demand.

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