date:Oct 31, 2013
An industry-wide oversupply of bananas, unfavorable exchange rates and a spike in fruit costs spoiled an otherwise positive third quarter for Fresh Del Monte Produce Inc.
During what is considered a generally difficult time of year for the produce industry, Fresh Del Monte reported a 9% increase in net sales to $861 million during the quarter ended Sept. 27, up from $788.8 million of the prior-year period. But net income attributable to the company dropped to $6.4 million, equal to 11c per shar