The decline in banana exports of Ecuador and challenges in production

Published 2021년 7월 23일

Tridge summary

Ecuador's banana industry has faced challenges in 2021, leading to a decrease in exports and production. Factors contributing to the decline include adverse climatic conditions, volcanic eruptions, phytosanitary issues, and the discontinuation of certain chemicals. The industry has also lost market share in countries such as Germany, Belgium, Slovenia, France, and Italy, which have shifted their purchases to Central American and Colombian suppliers. Additionally, the sector has been impacted by rising shipping costs and a lack of containers, further reducing banana purchases. Despite these challenges, the average spot price remains above the government-set support price.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Richard Salazar, Executive Director of Acorbanec spoke with PortalFurtícola about the challenges the industry has had in banana exports this year. The representative of the sector referred to the drop in exports and production and the fall in their participation in the key markets of that country. Ecuador has had, from January to May, a reduction of 3.05% in exports, which Salzar attributed to various causes. "There has been a reduction in production compared to the previous year and this is due to different factors," he explained. He added that there are climatic factors involved, frosts and volcanic eruptions, in addition to phytosanitary problems. In this context, he pointed out that the reduction has been from 5% to 6% in production. In addition, he indicated that the new Maximum Residue Limits have led them to stop using certain chemicals, which has also reduced banana production. Regarding consumption, he affirmed that there are markets that have stopped buying from Ecuador ...

Source: ClPortalFrutiCola