Ecuadorian Banana Growers, Exporters, and the Government Hold a Round Table to Decide on Official Prices for 2023

In W36, Ecuadorian producers, exporters, and the government held a round table to discuss the official banana price. Producers request a 12% price rise to USD 7 per 18.14kg box to cover the losses caused by the COVID-19 pandemic and the Russia-Ukraine conflict. Meanwhile, exporters aim to keep the price of USD 6.25 per box to remain competitive with other markets like Colombia and Costa Rica, which hold lower official prices than Ecuador. An agreement about the official banana price in Ecuador for the 2023 season is expected to be reached in September.