Ecuador: Banana exports continue to slow

The Association of Banana Exporters of Ecuador (AEBE) reported in a statement that banana exports in August remained at levels similar to those of 2023, and that accumulated volumes remain lower. It reported that the stabilization of the European market in key countries, such as Germany and France, has been essential to mitigate the impact of low seasonal demand. However, geopolitical tensions have created logistical challenges, reducing shipments to the Middle East and Russia. From the industry they indicated that by August 2024, the country accumulated a total of 246.21 million boxes of bananas exported, which represents a decrease of 4.59 million boxes or a drop of 1.83% compared to the same period in 2023. The results are due to the fact that the European market has shown signs of strengthening. AEBE noted that “in this region, countries such as Germany, France, Malta and Italy increased their exports. However, international conflicts affected navigation and the banana value ...