Tridge summary
Ecuador's banana exports have seen a growth of 7.89% in January 2023, reaching 2.59 million cartons, as reported by the Association of Ecuadorian Banana Exporters (Aebe). Despite this growth, the value of sales in key markets has declined due to the value of the dollar. The majority of exports were to the EU, which saw a 28% increase, while shipments to Russia and the Middle East experienced a decrease. There was also a decrease in exports of red and baby banana cartons, but an increase in 22XU type cartons.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Ecuadorian banana exports have started the year well, with 2.59 million cartons or 7.89% more than in January 2022, when 35.01 million cartons were shipped. However, the value of the dollar and therefore sales in key markets declined. Internationally, the demand for bananas has started to increase, with high prices in the free market making it difficult to place the product in some markets. The main banana exporters have increased their volumes to the EU by 28% to 10.56 million cartons. That accounts for 30.16% of total exports in January. Russia, Ecuador's second largest market with 8.5 million cartons, accounts for 24.27% of the monthly total, representing a decrease of 2.88%. Shipments to the Middle East (4.58 million cartons) decreased by 1.03% in January. A total of 23.63 million cartons were shipped to these three regions. The statistics are based on the latest report from Aebe, the Association of Ecuadorian Banana Exporters. Despite the slight general decline in the Middle ...
Source: AGF
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