Tridge summary
Ecuadorian banana exports have increased by 6.99% in the first seven months of 2023 compared to the same period last year, reaching a total of 220.17 million boxes. This growth can be attributed to the dynamic Ecuadorian market, lower maritime freight costs, and an increase in organic banana exports to the United States. Furthermore, the EU-27 has experienced a significant increase in imports of Ecuadorian bananas, particularly in countries like Holland, Germany, and Greece.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Ecuadorian banana exports registered an increase of 6.99% in the first seven months of 2023 compared to the same period of the previous year, totaling 220.17 million boxes, FreshPlaza reports. This increase in fruit exports is attributed to three key factors, according to industry experts. First of all, the dynamic Ecuadorian market is noted, which is characterized by greater production during the winter season compared to other important banana suppliers to the United States. This allows the country to meet demand even at times when other nations' production declines. Secondly, the reduction in maritime freight costs compared to the previous year stands out. The normalization of prices contributed to a decrease in import costs, which benefited Ecuadorian exporters. However, it is mentioned that freight charges to Russia remain high, and exports to this country require 100% prepayment. Finally, the increase in movements of organic bananas to the United States has been a ...
Source: Mundomaritimo
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