Ecuador: Strike causes immense losses for banana, broccoli, and flower sectors

From July 1, 2022, to mid-July, Ecuador's non-oil export sector endured a major disruption, leading to a significant financial loss of $85 million over a 16-day period. This disruption was largely due to widespread demonstrations and production haltings across the country. The majority of the losses were particularly concentrated in three key export sectors: flowers (a loss of $34.7 million), bananas ($32 million), and broccoli ($6.1 million). Other crops such as pitahaya and granadilla also suffered slight losses. The banana sector experienced the most severe impact, followed closely by the floriculture industry, as detailed by Fedexor, highlighting the extensive financial repercussions of the nationwide protests on Ecuador's critical export industries.