Fresh produce importer Fyffes has warned that the tropical produce sector faces major pressure on input costs in 2008 that could lead to higher retail prices.

Despite announcing it had adjusted its full-year pre-tax profit target for 2007 from €15m to €17m, Fyffes said that significant inflation in the costs of fruit, shipping and fuel would continue to affect the sector in 2008.

Even so Fyffes aims to double its business by 2011, with 75% of growth from acquisitions and 25% organically.