Ecuador: It is essential for the sustainability of the industry to maintain the minimum price for bananas, according to the AEBE

On Friday, October 21, from 10:00 a.m., the negotiation table was installed to set the minimum support price of the banana box that will govern for 2022. The producers, through the National Federation of Banana Producers of Ecuador ( Fenabe), proposed a price of USD 7.50, a position not shared by the export sector. José Antonio Hidalgo, executive director of the Association of Banana Exporters of Ecuador (AEBE), explained through an interview to El Universo the position of this sector and the proposal that they will bring to the meeting. "We do not agree with the aforementioned price increase to USD 7.50. The export sector has been severely hit by the increase in the cost of its supplies, from the cardboard box to shipping costs (freight). All of these Factors remain on the rise and there does not seem to be a stable outlook for 2022. On the other hand, our contracts in Europe present higher demands and some markets are putting pressure to reduce the cost of fruit. The price of ...