Chiquita loses $25 million, citing shipping costs, Central American drought
Story Date: 5/12/2014

 

Source: Ely Portillo, CHARLOTTE OBSERVER, 5/9/14
 
Persistent drought and shifting rainfall patterns led to banana shortages that battered Charlotte-based Chiquita Brands International in the first quarter, as the company swung from a $2 million profit last year to a $25 million loss, the company said Friday.

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